Nabokovian Bitcoin Soars to $125K, ETH Breaks Records 🚀💰

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Key points:

  • Bitcoin aficionados anticipate a grand resistance trend line breakout, with a tantalizing target of $125,000 looming on the horizon.

  • The limelight shifts to altcoins as Bitcoin takes a momentary pause, with Ether scaling heights not seen in seven months.

  • The potential for upward movement in the altcoin universe persists, as many tokens lag behind Ether’s stellar recovery, according to the latest market insights.

Bitcoin (BTC), that enigmatic digital chimera, pirouetted around $18,500 as the week drew to a close, leaving traders in a state of anticipatory suspense, eagerly awaiting a fresh surge in BTC prices.

Traders: Bitcoin Price Eyes $125,000 Breakout

Data from the mystical realms of CryptoMoon Markets Pro and TradingView revealed BTC/USD ascending after a brief dip below $117,000 on Friday, a fleeting moment of darkness before the dawn.

The pair clung to its gains throughout the week, hovering just shy of uncharted territories, as the market entered a period of consolidation—a serene interlude before the storm.

Now, the whisperings among traders suggest that a formidable resistance trend line stands between Bitcoin and its next great adventure, a journey to the stratospheric heights above $123,000.

“BTC is poised for a monumental leap,” proclaimed the illustrious Marcus Corvinus, a trader whose words carry the weight of prophecy, in a missive to his legion of followers.

“Bitcoin is ensnared in a triangular pattern, yet it remains steadfast above the crucial support levels of $116,000 to $117,000. It meanders aimlessly, but not for long.”

Corvinus, ever the visual storyteller, shared a chart delineating the fateful trend line, predicting that a successful breakout would propel BTC/USDT to the dizzying heights of $125,000.

“Should it falter and breach the support, a descent to $111,000 or lower may ensue,” he cautioned.

“The triangle nears completion; a breakout or breakdown is imminent. Be prepared, for the next great upheaval is nigh.”

On the daily charts, the sagacious Rekt Capital observed a parallel structure.

“Bitcoin remains ensconced in its range, the consolidation perpetuating the flow of capital into the altcoin realm,” he mused, sharing his own chart.

“Should it breach the lower high (black) within this range, Bitcoin will challenge the upper boundary for another attempt at breakout.”

Ether Hits 7-Month High into Weekly Close

As CryptoMoon dutifully reported, the altcoin galaxy has once again captured the attention of the market, particularly the luminous Ether (ETH) and the enigmatic XRP (XRP), both of which are rumored to harbor grandiose price prophecies.

“Ethereum has long since realigned with its $2200-$3900 macro range,” summarized a recent X post, accompanied by a chart that spanned the annals of late 2023.

The crypto trader, analyst, and entrepreneur Michaël van de Poppe hailed the resurgence of ETH/USD as “absolutely phenomenal.”

“Ethereum was the vanguard, and it has now reclaimed the heights of December ’24. This portends a wealth of untapped potential,” he opined over the weekend.

“Yet, the majority of altcoins remain 50-80% below their December ’24 zenith, suggesting a bounty of gains yet to be reaped.”

By Sunday, ETH/USD had ascended above $3,750, a feat not witnessed since December 18, 2024, marking a triumphant return to form.

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2025-07-20 19:03