Key points:
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Bitcoin market participants expect a breakthrough of the resistance line, with nearby goals, including USD 125,000.
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Note still focuses on Altcoins, while Bitcoin consolidates and the ether has reached seven months.
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According to the latest market comments, the potential of growth in Altcoins, and many have not yet copied the reflection of Ether.
Bitcoin (BTC) scored $ 118,500 on weekly Sunday, because traders were waiting for a modern BTC price breakthrough.
Traders: Bitcoin price looks at USD 125,000
Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD is guided higher after traveling below $ 117,000 on Friday.
The couple have retained many of their profits throughout the week, still shy in relation to the modern ups of all time as the consolidation was taken over.
Now, as traders say, the resistance trend line prevents Bitcoin to return to prices above USD 123,000.
“BTC is preparing for the great movement”, a popular Marcus Corvinus trader said x observers in the post of that day.
“Bitcoin moves in a triangular pattern and remains above strong support by about 116,000 to USD 117,000. At the moment it goes aside, but not for long.”
By sending a map showing the trend line in question, Corvinus said that the breakthrough would boost BTC/USDT to USD 125,000.
“If it breaks below support, the price may drop to USD 111,000 or lower,” he added.
“This triangle is almost full that it will come soon or failure. Be ready. Another big traffic is close.”
In the daily basis, the popular trader and Rekt Capital analyst looked at a similar structure.
“Bitcoin remains in the scope and consolidation continues, facilitating further flow of money to the Altcoins,” he commented on your own table.
“Fold the lower high (black), however, and Bitcoin will challenge a high range for another groundbreaking test.”
The ether hits the 7-month height in a weekly closure
According to Cointelegraph, Altcoins returned to the radar this week as Bitcoin console.
Related: Can the price of XRP reach USD 20? These charts say that the “full bull” phase is still above all
Particularly intriguing are the largest Altcoin (ETH) and XRP (XRP), which both stand out by lofty price forecasts.
“Ethereum has long been organized with the range of macros from USD 2,200 to USD 3900.” summarized In the part of post X, which contained a chart extending from the end of 2023.
Trader, analyst and entrepreneur Michaël van de Poppe called the Rebiound on ETH/USD “absolutely phenomenal”.
What is this absolutely phenomenal reversal $ ETH. pic.twitter.com/kzcgguirjg
– Michaël van de poppe (@cryptomichnl) July 20, 2025
“Ethereum is the first to move and basically ran back to the ups of December ’24. This means that there will still be many advantages”, he he argued at the weekend.
“However, most of the Altcoins still fell by 50-80% compared to this amount in December ’24, which means that there are still a lot of add-ons to be done.”
On Sunday, ETH/USD traded over USD 3,750 for the first time from December 18, 2024.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
