Bitcoin and Ether are expected to rise as ETH reaches a 7-month high

Important points

• Bitcoin traders expect to see a breakout of the resistance trendline, and nearby targets include $125,000.

• Ether reaches seven-month highs, while Bitcoin continues to consolidate.

• The latest market commentaries confirm that altcoins still have upside potential, but many are not copying Ether’s recovery.

BitcoinBTC(circled $18,500 at Sunday’s close of the weekly trading session as traders watched for an upward breakout in BTC prices.

Bitcoin traders: Bitcoin prices eye $125,000 break

The Data of Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC/USD was heading up after it dropped below $117,000 last Friday.

While the pair has maintained much of its week’s gains, they are still shy of reaching new record highs.

Now traders claim that a trendline of resistance stands between Bitcoin and a price above $123,000.

“BTC is getting ready for a big move,” Marcus Corvinus is a well-known and popular trader. told X followers Post a message on that day.

“Bitcoin is moving inside a triangle pattern and staying above strong support around $116,000 to $117,000. Right now, it’s going sideways  but not for long.”

Corvinus uploaded a graph showing the line of trend in question and said that BTC/USDT would reach $125,000 after a break.

“If it breaks below support, price may fall to $111,000 or lower,” He also added. 

“This triangle is almost full a breakout or breakdown is coming soon. Stay ready. The next big move is close.”

Rekt, the popular trader-analyst RektCapital aimed to create a structure similar on daily time frames.

“Bitcoin remains in the Range and the consolidation continues, facilitating further money flow into Altcoins,” He commented On his own chart.

“Break this Lower High (black) within the Range however and Bitcoin will challenge the Range High for another breakout attempt.”

Ether closes the week at a 7-month high

Cointelegraph reports that altcoins are returning to the forefront this week, as Bitcoin consolidates.

Related: Can XRP price reach $20? These charts say ‘full bull’ phase is still ahead

Ether is the biggest altcoin.ETHIt is a cryptocurrency that uses XRP as its currency.XRPBoth fielding lofty price predictions.

“Ethereum has long ago resynchronised with its $2200-$3900 Macro Range,” summarized In part of a X-post which included a graph stretching back as far as late 2023.

Crypto trader, analyst and entrepreneur Michaël van de Poppe called tHe rebound on ETH/USD “absolutely phenomenal.”

“Ethereum 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,” he argued Weekends are a great time to get away. 

“However, most of the Altcoins are still down 50-80% from that high in December ’24, meaning that there’s a ton of upside yet to be made.”

The ETH/USD pair traded at $3.750 on Sunday for the first since December 18, 2024.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making their final choice.