So Far Only A Flesh Wound

Bitcoin spent about nine months stuck below $110 K before finally pushing past that ceiling this month. The move up to $123,000 shows real buying power. According to EliteOptionsTrader, a crypto expert, many investors see this as the start of something bigger. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Key Catalysts Driving The Surge Based on examination by EliteOptionsTrader, one of the biggest factors is the potential approval of a spot Ethereum ETF. Bitcoin’s own ETFs have pulled in billions from major institutions, and a greenlight for Ethereum could send more money into crypto overall, lifting Bitcoin further. The US election is now behind us, and talk of Federal Reserve rate cuts in late 2025 is fueling bets on a weaker dollar. Many traders view Bitcoin as a shield against political or economic swings. At the same time, hedge funds, sovereign wealth funds, and pension plans hold only small slices of Bitcoin so far. If they decide to jump in, that could push prices even higher. Bitcoin’s Road to $250K in 2025? 🚀$BTC has been consolidating under 110k for the last 9 months and finally broke out this month. As of now we already test 120k and looks like we are in route to testing 150k in the coming weeks. One thing to note, after something bases for such… pic.twitter.com/GGUrcUcp0D — EliteOptionsTrader (@EliteOptions2) July 15, 2025 Long Base Could Support Further Gains Bitcoin’s lengthy base under $110K sets a solid foundation. Breakouts after long periods of sideways action often lead to steep rallies. Still, it’s normal for prices to dip back toward the breakout zone. A pullback to around $115K–$118K could happen before any major surge. Traders will be watching support at $118K and resistance near $125K. Brewing Institutional FOMO Even after the rally, big players have only dipped their toes in. EliteOptionsTrader notes that a major allocation wave—from a large pension fund or insurance giant—could trigger fresh price discovery. And let’s not forget the April 2024 halving, which cut Bitcoin’s daily issuance by half. That supply shock often takes several months to show its full effect, but we’re seeing demand tick up already. Even with a strong start, the path up isn’t without hazards. Sharp corrections of 10%–20% are part of crypto’s genes. Any surprise rules from major markets could stall this run. Related Reading: If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says On Cautious Optimism And Targets If Bitcoin can clear $127K, the odds of a parabolic move rise sharply. Based on analysis by EliteOptionsTrader, a test of $150K in the next few weeks looks within reach. That said, aiming for $250K by year end will require all these factors to line up without a single major setback. Bitcoin’s latest breakout feels exciting, but traders should keep a close eye on how it handles new support levels. Riding the trend can pay off, yet managing risk is just as important as spotting the next high. Featured image from Meta, chart from TradingView

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the massive inflows into Spot Ethereum ETFs and Bitcoin’s recent climb to new all-time highs.  Ethereum has gained over 17% in the past seven days alone, reaching a new local high of $3,065. Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs. Two analysts have now spotted classic bullish setups, both hinting at a significant rally on the horizon. Cup And Handle Pattern Points To $4,200 If Breakout Holds The first analyst, known as @CryptosBatman on the social media platform X, shared a daily candlestick chart of Ethereum, where a pure ‘cup and handle’ pattern is visible over the past four months. The pattern, which started in early March, shows a rounded bottom that dipped to as low as $1,400, followed by a minor consolidation that formed the handle portion. Now, recent price action has caused ETH to break out of the neckline around $2,850. A technical projection from this neckline points to a 45% move to a price target just below $4,200. Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? According to this analyst, Ethereum’s breakout from the cup and handle pattern has formed in the middle of powerful fundamentals. Ethereum is now beginning to outperform Bitcoin in terms of short-term returns, and exchange reserves have dropped to an eight-year low. These are both fundamental signals of strong holding behavior and reduced sell-side pressure. With these metrics aligning with the technical breakout, @CryptosBatman believes Ethereum could be next in line to break its all-time high, possibly before the end of Q3. Weekly Chart Echoes Previous 42% Rally Another crypto market technician, CryptoBullet, expressed a similar sentiment on the social media platform X. This analyst referenced Ethereum’s weekly candlestick chart to support his outlook. He pointed to the formation of last week’s massive green breakout candle that has pushed the price above a major supply-resistance zone around $2,850.  This move, as shown in the chart below, mirrors the same structure that caused a 42% rally between February and March 2024, when ETH moved from the $2,900 level up to nearly $4,100 within a matter of weeks.  Related Reading: Ethereum To Outperform Bitcoin: Buy Before Mid-August, Analyst Warns If that price action is replicated in this current setup, Ethereum could again be on track to test $4,200 in the next three to four weeks. This puts the timeline of a $4,200 price target sometime in August 2025. The projection is shown with the vertical price range box drawn in the chart above, which maps a 42% upside from the breakout zone. Interestingly, this projection relies on the $2,800 price level, which previously acted as resistance, now flipping to support and preventing any sustained retracements below the $2,900 to $2,850 range. At the time of writing, Ethereum is trading at $2,980, having reached an intraday high of $3,074. Featured image from iStock, chart from Tradingview.com

Crypto analyst Captain Faibik has provided a bullish outlook for the XRP price, predicting that a new all-time high (ATH) is imminent. This came as the analyst noted that the altcoin is already on the move, having recorded a 20% gain since its breakout.  XRP Train Already On The Move To ATHs In an X post, Captain Faibik stated that the XRP train has already departed, with a rally to all-time highs on the horizon. The analyst noted that the altcoin has already surged over 20% since its breakout above $2.3. He had earlier predicted that the token was on the verge of a breakout, which would send it above its current ATH of $3.84.  Related Reading: XRP Wave 3 Could Repeat 600% Surge From Nov 2025, Target Set For $15 Captain Faibik remarked that this bullish rally will send XRP to as high as $4.60. Crypto analyst Egrag Crypto also indicated that a new ATH is in sight for the altcoin. In an X post, He stated that XRP needs to close the $3-day candle above the top wick of the March 2nd candle. The analyst told market participants to get ready for a new ATH if it closes above the $3.010 level.  Meanwhile, crypto analyst Titan of Crypto also echoed Captain Faibik’s sentiments, stating that XRP has just recorded a powerful breakout. He noted that the altcoin has confirmed a clean breakout from the multi-month descending triangle and revealed that the target is $3.80. This brings XRP to its ATH, which could pave the way for new highs.  XRP boasts a bullish outlook, given its breakout from the crucial $2.30 support level that Captain Faibik and Titan of Crypto highlighted. The altcoin is now looking to reclaim the psychological $3 level, which would bring it close to its yearly high of $3.29.  Momentum Is Off The Charts In an X post, crypto analyst CasiTrades declared that XRP’s momentum is off the charts. She noted that Relative Strength Index (RSI) divergences are being “obliterated” as bulls remain in full control. Based on this, the analyst predicts that the altcoin is likely entering the most powerful part of the wave, completing Wave 3 of 3.   Related Reading: Pundit Reveals The Two Things That Will Drive XRP Price To All-Time Highs Further commenting on the XRP price action, CasiTrades noted that the altcoin has already backtested the $2.70 level. With this, it is now targeting a rally to $3.04, which is the next major Fibonacci resistance level. Her accompanying chart showed that a clean break above this Fib level could send XRP to $3.4, which is the next major resistance after $3.04. A rally to this level would put its ATH well in sight.  At the time of writing, the XRP price is trading at around $2.93, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com