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Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000.<\/p>\n<\/li>\n
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Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs.<\/p>\n<\/li>\n
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Upside potential across altcoins remains, with many not yet copying Ether\u2019s rebound, says the latest market commentary.<\/p>\n<\/li>\n<\/ul>\n
Bitcoin circled $118,500 into Sunday\u2019s weekly close as traders waited for a new upside BTC price breakout.<\/span><\/p>\n
BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n \nTraders: Bitcoin price eyeing $125,000 breakout<\/h2>\n
Data from\u00a0Cointelegraph Markets Pro\u00a0and\u00a0TradingView\u00a0showed BTC\/USD heading higher after a trip below $117,000 Friday.<\/p>\n
The pair retained much of its gains through the week, still shy of new all-time highs as consolidation took over.<\/p>\n
Now, traders say, a resistance trend line stands in the way of Bitcoin returning to price discovery above $123,000.<\/p>\n
\u201cBTC is getting ready for a big move,\u201d popular trader Marcus Corvinus\u00a0told X followers\u00a0in a post on the day.<\/p>\n
\u201cBitcoin is moving inside a triangle pattern and staying above strong support around $116,000 to $117,000. Right now, it’s going sideways\u00a0 but not for long.\u201d<\/p><\/blockquote>\n
Uploading a chart showing the trend line in question, Corvinus said that a breakout would take BTC\/USDT to $125,000 next.<\/p>\n
\u201cIf it breaks below support, price may fall to $111,000 or lower,\u201d he added.<\/p>\n
\u201cThis triangle is almost full a breakout or breakdown is coming soon. Stay ready. The next big move is close.\u201d<\/p><\/blockquote>\n
BTC?USDT 4-hour chart. Source: Marcus Corvinus\/X<\/em><\/figcaption><\/figure>\n <\/div>\nOn daily time frames, popular trader and analyst Rekt Capital eyed a similar structure.<\/p>\n
\u201cBitcoin remains in the Range and the consolidation continues, facilitating further money flow into Altcoins,\u201d he\u00a0commented\u00a0on his own chart.<\/p>\n
\u201cBreak this Lower High (black) within the Range however and Bitcoin will challenge the Range High for another breakout attempt.\u201d<\/p><\/blockquote>\n
BTC\/USD 1-day chart. Source: Rekt Capital\/X<\/em><\/figcaption><\/figure>\n Ether hits 7-month high into weekly close<\/h2>\n
As Cointelegraph reported, altcoins have returned to the radar this week as Bitcoin consolidates.<\/p>\n
Of particular interest are largest altcoin Ether\u00a0ETH<\/span> and XRP,\u00a0which are both fielding\u00a0lofty price predictions.<\/p>\n
\u201cEthereum has long ago resynchronised with its $2200-$3900 Macro Range,\u201d\u00a0summarized\u00a0in part of an X post which included a chart stretching back to late 2023.<\/p>\n
ETH\/USD 1-week chart. Source: Rekt Capital\/X<\/em><\/figcaption><\/figure>\n Crypto trader, analyst and entrepreneur Micha\u00ebl van de Poppe called the rebound on ETH\/USD “absolutely phenomenal.\u201d<\/p>\n
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What an absolutely phenomenal reversal is this on\u00a0$ETH.\u00a0pic.twitter.com\/kzCgGUirJG<\/p>\n
\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL)\u00a0July 20, 2025<\/p><\/blockquote>\n
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\u201cEthereum is the first one to move and it has basically ran back to the highs of December ’24. That means that there’s still a lot of upside to come,\u201d he\u00a0argued\u00a0at the weekend.<\/p>\n