Bitcoin Trader Predicts $116K All-Time High Next Week

Bitcoin traders are eyeing a potential breakout to $116,000 this week as volatility compresses near all-time highs. Popular analyst Alan sparked bullish sentiment with a Sunday prediction chart showing key liquidity zones and technical targets.

BTCUSD hovered near $103,000 during the May 18 weekly close, with CoinGlass data showing concentrated liquidity between $103,000-$105,000. This tight trading range follows two weeks of sideways action after Bitcoin’s 18% surge earlier this month.

“Next early week Bitcoin target: $116,000,” Alan wrote to his 380,000 X followers, highlighting descending volatility metrics. His analysis suggests a liquidity grab could propel prices 12% above current levels.

Bitcoin’s Path to $116,000

Three key factors support the short-term bullish case:

• Historical volatility contraction preceding major moves
• $2.8B in liquidations waiting above $105,000
• Reduced sell pressure from long-term holders

CoinCodex technical indicators show 67% of recent daily closes were positive, with a 6.5% 30-day volatility reading. The platform’s AI model predicts a 13% rise to $116,600 by June 8.

Market Sentiment Shifts to Greed

The Crypto Fear & Greed Index hit 73 (Greed) this week – its highest level since April’s $104,000 peak. This contrasts sharply with late 2024’s Fear reading of 26, when prices stagnated near $30,000.

Not all analysts agree on timing. Binance researchers note in their 2025 Outlook that “forecasts vary between $123,000 and $180,000 depending on macro factors.” They identify these key drivers:

Institutional Interest Accelerates

The revived Bitcoin Act proposal could see the US Treasury acquire 1 million BTC ($103B at current prices). Bitcoin Policy Institute’s Zack Shapiro argues this would create “insatiable institutional demand” potentially driving prices to $1 million long-term.

Mining companies like PaladinMining report record equipment orders, anticipating higher prices. CEO Mark Nelson told CoinStats: “Every dollar above $100,000 makes marginal deposits economically viable.”

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The coming days could redefine Bitcoin’s market structure, with a clean break above $105,000 likely triggering algorithmic buying across derivatives platforms. Whether this propels BTC to six figures or traps late longs remains the week’s defining question.