Bitcoin reaches 125,000 USD amid breakthrough expectations, Ethereum accelerates to 3,750 USD"

As the new week kicks off, Bitcoin has held steady above the short term support level of $116,500, igniting hopes for a spectacular breakthrough in the trading world.

BTC/USDT hourly chart | Source: TradingView## Bitcoin price aims for a breakout to $125,000

According to data from TradingView, the BTC/USD pair has rebounded strongly after the drop below the $117,000 mark on Friday.

Throughout the past week, Bitcoin has maintained a stable upward momentum, although it has yet to break through its historical peak to enter a new growth cycle, as the market continues to fall into a state of accumulation.

Currently, traders believe that a strong resistance zone is blocking Bitcoin's efforts to reestablish the "price exploration" trend above the threshold of $123,000.

"BTC is preparing for a major breakout," analyst Marcus Corvinus stated in a post on platform X.

"The price is still moving within the triangle pattern and holding steady around the strong support level from $116,000 to $117,000. This sideways movement will not last long."

Corvinus recently shared a technical chart showing that Bitcoin is approaching an important resistance level. According to him, if this resistance level is conquered, the BTC/USDT pair could very well reach the $125,000 mark.

However, he also warned: "If the price slips below the current support level, it is highly likely to fall to the $111,000 mark, or even lower."

BTC/USDT chart on the 4-hour time frame | Source: Marcus Corvinus/XHe emphasized that the triangle pattern on the chart is almost complete — meaning a strong breakout or breakdown is very close. "Get ready. A big move is about to happen," he said.

On the daily timeframe, renowned technical analyst Rekt Capital has also observed a similar pattern. In the shared chart, he noted:

"Bitcoin is still fluctuating in the accumulation zone. This phase is creating conditions for capital to continue spreading to Altcoins."

BTC/USD daily chart | Source: Rekt Capital/X However, he noted that if Bitcoin can break through the lower high region — marked by the black line — then this coin will be ready to challenge the upper limit of the fluctuation range, opening up opportunities for a new breakout.

Ether reached a 7-month high before the weekly candle close

As Bitcoin Magazine reported, the altcoin market is gradually "heating up" this week as Bitcoin enters the accumulation phase.

Leading the recovery is Ethereum (ETH) — the largest altcoin — along with XRP, as both are expected to continue to break out strongly in the near future.

"The macro fluctuation range from $2,200 to $3,900 has become a familiar trading zone for Ethereum," according to a post on social media X, attached with a price chart from the end of 2023 to the present.

Weekly ETH/USD Chart | Source: Rekt Capital/Famous analyst Michaël van de Poppe calls the bounce of ETH/USD "extraordinary beyond imagination."

"Ethereum is the first coin to bounce back and is now approaching the price peak from December 2024. This shows that there is still a lot of room for price increase," he shared last weekend.

However, he also noted that most altcoins are still trading 50–80% lower than their peak in December 2024, indicating that the market's recovery potential is still very abundant.

ETH/USD daily chart | Source: TradingViewAs of Sunday, the ETH/USD pair has risen above the $3,750 mark — the highest level since December 18, 2024.

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