Bitcoin surged past $69,000 on Monday, fuelling renewed bullish sentiment as top crypto analysts forecast a potential move towards $125,000, while Ethereum continued its rally, crossing $3,750 for the first time since early 2022.
Technical signals suggest imminent breakout
Traders and chart analysts are pointing to an increasingly compressed price range on Bitcoin’s daily chart, with volatility indicators suggesting a breakout is imminent. Crypto strategist CredibleCrypto described the current price action as “coiled tightly” and primed for a large move, with $125,000 cited as a possible target if upward momentum holds. The current bullish setup follows a prolonged consolidation phase near key resistance levels, with Bitcoin showing resilience above $65,000 in recent weeks.
Ethereum gains traction as altcoins follow
Ethereum’s price jump to $3,750 comes amid renewed interest in decentralised finance and staking flows, with analysts noting increased network activity and smart contract deployment. Some altcoins, including Solana and Avalanche, also posted moderate gains, though Ethereum’s climb continues to dominate market focus. Investors are watching closely to see whether ETH can sustain its current trajectory or faces profit-taking pressure as it approaches the psychological $4,000 barrier.
Institutional inflows and ETF optimism
Bitcoin’s latest rally is partly attributed to increasing institutional flows, supported by strong spot Bitcoin ETF demand in the US and Europe. Asset managers, including BlackRock and Fidelit,y have reported continued net inflows, indicating growing long-term interest among traditional investors. Some analysts suggest that the relative macroeconomic stability — with US inflation data stabilising and interest rate expectations softening — is contributing to a more risk-on environment for digital assets.
Caution amid volatility risks
Despite the bullish tone, traders remain wary of potential pullbacks. Market observers note that thin weekend volumes may have exaggerated recent price swings, and any sudden macro shocks — such as regulatory announcements or hawkish monetary signals — could introduce downside risk. Nevertheless, many believe that structural demand for Bitcoin remains intact, with longer-term holders showing minimal signs of capitulation.
Market momentum builds ahead of August
With both Bitcoin and Ethereum posting double-digit monthly gains so far in July, attention now turns to August as a potential inflexion point. Analysts expect trading volumes to rise, particularly as earnings season, central bank decisions, and geopolitical headlines converge. For now, crypto markets appear to be entering a phase of renewed optimism — one driven by technical alignment, institutional interest, and broader risk sentiment.
REFH – Newshub, 21 July 2025
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