Disclaimer: This material is not financial advice or a call to action. The analysis presented is the private opinion of its authors. Incrypted is not responsible for the investment decisions of readers.
This is reported by Finway
On May 20, 2025, the price of Bitcoin dropped from over $106,000 to $104,700, while Ethereum is trading slightly below $2,500. The experts at Cryptology Key analyzed the current state of these assets and shared their forecasts for their future movement.
Bitcoin Forecast
Considering the closure of the current weekly candle, the next week will focus on working with the imbalance zone. Two possible scenarios have been noted:
- a local correction to the fair value gap (FVG) with a retest of the previous weekly low and subsequent growth to the high;
- a deeper correction in the range of $92,000 to $94,000.
It is worth noting that the situation may change with upward momentum, although currently, the main focus is on the corrections reflected on the chart.
Ethereum Outlook
Ethereum has returned to the range formed from March 1 to December 1, 2024. If the monthly candle closes above $2,100, a local correction to $2,100 or a deeper spike into the $1,953 zone is likely. In the event of a successful breakout, growth to $4,300 is possible by mid or late autumn.
The situation with Ethereum also resembles previous forecasts, with an expectation of a correction to the $2,100 or $2,221 zone, after which there may be an attempt to continue the upward trend, ideally through price accumulation from July to mid-August.
Additional information and analysis can be found in the Cryptology Key Telegram channel.