Key points:
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Bitcoin market participants expect a break in the resistance trend line, with nearby objectives that include $ 125,000.
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The attention continues to focus on the Altcoins while Bitcoin is consolidated, with Ether reaching seven months.
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The upward potential in Altcoins remains, and many still do not copy the rebound of Ether, says the last comment on the market.
Bitcoin (BTC) surrounded $ 118,500 at Sunday’s weekly closure while the merchants waited for a new BTC rpture.
Merchants: Bitcoin Price Reming $ 125,000 Breakout
The data of Cointegraph Markets Pro and TrainingView showed that BTC/USD was talled after a trip below $ 117,000 on Friday.
The couple retained much of their profits during the week, still shy with the new maximums of all time as consolidation took over.
Now, the merchants say, a line of resistance trend is brought on the path that Bitcoin returns to the discovery of prices above $ 123,000.
“BTC is preparing for a great movement,” said the popular merchant Marcus Corvinus to X followers in a publication in the day.
“Bitcoin is moving inside a triangle pattern and remains above a strong support of around $ 116,000 to $ 117,000. At this time, it goes sideways but not for much time.”
Uploading a table that shows the line of trend in question, Corvinus said a break would carry BTC/USDT to $ 125,000 below.
“If it breaks below the support, the price can fall to $ 111,000 or less,” he added.
“This triangle is almost complete, a break or breakdown will arrive soon. Stay ready. The next great movement is close.”
In the daily frames, the popular merchant and analyst Rekt Capital observed a similar structure.
“Bitcoin remains in the range and consolidation continues, facilitating more money flow in Altcoins,” he said in his own painting.
“However, it breaks this lowest (black) high within the range and Bitcoin will challenge the high range for another breakup attempt.”
Ether reaches 7 months tall at a weekly closure
As Cointegraph reported, Altcoins has returned to radar this week when Bitcoin is consolidated.
Related: Can the XRP price reach $ 20? These graphics say that the ‘full bull’ phase is still ahead
Of particular interest are the largest Altcoin Ether (ETH) and XRP (XRP), which are setting high price predictions.
“Ethereum has resinced a long time ago with its macro range of $ 2200- $ 3900”, summarized in part of a post X that included a table that extended until the end of 2023.
Crypto Trader, analyst and businessman Michaël Van de Poppe called the rebound in Eth/USD “absolutely phenomenal.”
What an absolutely phenomenal reversal is this $ Eth. pic.twitter.com/kzcugugg
– Michaël van de Poppe (@Cryptomichnl) July 20, 2025
“Ethereum is the first to move and has basically returned to the maximum of December 424. That means that there are still many advantages to come,” he argued over the weekend.
“However, most Altcoins have still dropped from 50-80% since that maximum in December 2002, which means that there is still no advantage by power.”
On Sunday, ETH/USD quoted above $ 3,750 for the first time since December 18, 2024.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
