Bitcoin gets $125K target as trader sees 'big move' next, ETH hits $3750
2025-07-20 15:52:45
Main Idea
Bitcoin is anticipated to reach $125K as traders predict a significant price movement, while Ethereum hits $3,750, marking a 7-month high.
Key Points
1. Bitcoin (BTC) is consolidating around $18,500, with traders eyeing a potential breakout to $125,000 if support levels hold.
2. A trader noted that BTC is preparing for a 'big move,' with a breakout above resistance potentially leading to $125K, while a drop below support could see prices fall to $111,000 or lower.
3. Ethereum (ETH) reached $3,750, its highest level in seven months, with analysts highlighting its strong rebound and potential for further upside.
4. Analyst Michaël van de Poppe described ETH's rebound as 'absolutely phenomenal,' noting that many altcoins are still significantly below their December '24 highs, indicating room for growth.
5. Traders are monitoring key resistance and support levels for both BTC and ETH, with charts suggesting possible breakout or correction scenarios.
Description
Bitcoin and Ether traders are eyeing price milestones into the weekly close, with a resistance trend line keeping BTC bulls from heading to all-time highs.
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