Bitcoin gets $125K target as trader sees 'big move' next, ETH hits $3750

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.