Bitcoin, Ether Tipped For Upside As ETH Hits 7-Month High

Main points:

• Bitcoin market participants expect to penetrate the resistance trend line, with nearby targets, including $ 125,000.

• Attention continues to focus on Altcoins while Bitcoin is integrated, as the ether reaches its highest level for seven months.

• There is still the possibilities of ascending across Altcoins, where many have not dirty after Ether recovery.

Bitcoin (BTC) flew $ 118,500 in weekly closure on Sunday, when merchants waited for the outbreak of the new bullish BTC prices.

Merchants: Bitcoin price is looking to the outbreak of 125,000 dollars

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed a top after a trip less than $ 117,000 on Friday.

The couple kept a lot of his gains during the week, and is still shy of its highest new levels ever with the unification.

Now, merchants say that the resistance trend is standing on the way Bitcoin returns to the discovery of prices above $ 123,000.

“BTC is preparing for a great movement”, “The famous trader Marcos Corpinos X followers said In a publication per day.

“Bitcoin moves inside the triangle style and remains over a strong support ranging from $ 116,000 to $ 117,000. At the moment, it is walking sideways but not for a long time.”

To download a scheme showing the direction line in question, Corvinus said that the collapse will reach BTC/USDT to $ 125,000 after that.

He added: “If the subsidy decreases, the price may decrease to $ 111,000 or less.”

“This triangle is almost full of collapse or collapse will come soon. Stay ready. The next big step is close.”

On the daily time frames, the famous trader and analyst Rekt Capital composed a similar structure.

“Bitcoin is still in the range and continues to monotheism, which facilitates more money flow to Altcoins”, is Stuck On its own scheme.

“This lower (black) is broken inside the range, however, Bitcoin will challenge the high range to try to collapse.”

The ether is hit for 7 months to a weekly closure

As Cointelegraph mentioned, Altcoins returned to the radar this week with the unification of Bitcoin.

Related to: Can XRP reach $ 20? These plans say that the “complete bull” stage is still at the forefront

It is important to be the largest ethoin (ETH) and XRP (XRP), both of which achieve high prices.

“ETAREUM has long been re -coincided with a macro group from $ 2,200 to $ 3900,” summary In part of the X publication, which included a scheme that extends to late 2023.

Michael Van de Bobby, a merchant, analyst, and businessman Michael Van de Bobby, called for a recovery on ETH/USD “completely enormous”.

What a tremendous reflection at all $ ETH. pic.twitter.com/kzcgguirjg

– Michaël Van De Poppe (Cryptomichnl) July 20, 2025

“Ethereum is the first to move and has mainly returned to higher levels in December. This means that there is still a lot of upcoming upward trend.” Argue On the weekend.

“However, most of the alkins still decrease by 50-80 % of this high in December 24, which means that there is a lot of upward trend that has not been made yet.”

On Sunday, ETH/USD was traded above $ 3,750 for the first time since December 18, 2024.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.