Bitcoin gets $125K target as trader sees 'big move' next, ETH hits $3750
Bitcoin and Ether traders are anticipating significant price movements as they approach the week's close, particularly eyeing a breakout of a resistance trend line that could drive Bitcoin to $125,000. Currently, Bitcoin is navigating between $116,000 and $117,000, consolidating after dropping below $117,000 earlier in the week. Trader Marcus Corvinus mentions that Bitcoin is poised for a ‘big move’ within a triangle pattern, hinting at upcoming volatility. He warns that if Bitcoin falls below support levels, it could drop to $111,000 or lower. Meanwhile, Ether has surged to a seven-month high, trading over $3,750, and analysts highlight its potential for further growth. Most altcoins, however, still lag behind, as many are down significantly from their all-time highs in December 2024. The overall sentiment in the market indicates optimism for upcoming upward movement in both Bitcoin and Ether, amid continued focus on altcoins.
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