Key points:
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Participants in the Bitcoin market expect a resistance trend line break, with nearby targets, including $ 125,000.
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The attention continues to focus on altcoins while Bitcoin is consolidated, ether reaching seven -month summits.
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The upward potential through altcoins remains, many not yet copying Ether’s rebound, indicates the last comment on the market.
Bitcoin (BTC) bypassing $ 18,500 in the weekly ending on Sunday while the traders were waiting for a new price of BTC prices upwards.
Traders: Bitcoin Price exciting $ 125,000 Breakout
Cointelegraph Markets Pro and TradingView data showed that BTC / USD was heading higher after a trip less than $ 117,000 on Friday.
The pair has kept a large part of its earnings throughout the week, always less new peaks of all time, consolidation.
Now, traders say, a resistance trend line behaves on the return of Bitcoin to discover prices above $ 123,000.
“BTC is preparing for a big step,” said popular merchant Marcus Corvinus to X followers in a post of the day.
“Bitcoin moves in a triangle model and remains above solid support between $ 116,000 and $ 117,000. Right now, it’s going aside but not long.”
By downloading a graph showing the trend line in question, Corvinus said that an escape would bring the BTC / USDT to $ 125,000 afterwards.
“If it breaks below support, the price can drop to $ 111,000 or less,” he added.
“This triangle is almost complete, an exchange or a breakdown is coming soon. Stay ready. The next big blow is close. “
On daily time limits, the popular merchant and the Rekt Capital analyst have watched a similar structure.
“Bitcoin remains in the range and consolidation continues, facilitating more money flows in Altcoins,” he commented on his own table.
“Break this lower (black) lower in the range, however and Bitcoin will challenge the high range for another attempt to break.”
Ether reaches a 7 -month top in the weekly fence
As Cointelegraph reported, altcoins returned to the radar this week while Bitcoin is consolidated.
In relation: Can the XRP price reach $ 20? These graphs say that the phase “ bull ” is still in advance
Particular interests are the most important Altcoin Ether (ETH) and XRP (XRP), which are both high price forecasts.
“Ethereum has long been resynchronized with its macro range from $ 2,200 to $ 3,900,” summarized in a part of an X pole which included a graphic paid at the end of 2023.
Crypto trader, analyst and entrepreneur Michaël Van de Poppe called the “absolutely phenomenal” ETH / USD rebound.
“Ethereum is the first to move and it is mainly returned to the summits of December 24.
“However, most Altcoins are still down 50 to 80% compared to this summit in December ’24, which means that there is still a ton of increase.”
Sunday, ETH / USD exchanged above $ 3,750 for the first time since December 18, 2024.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
