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This is reported by Finway
On the morning of July 14, 2025, Bitcoin set a new all-time high, surpassing the $123,000 mark. The dominance of the first cryptocurrency in the market reached 64.77%. At the same time, Ethereum rose above $3,080, showing nearly a 3% increase over the day, according to TradingView data.
Bitcoin Dynamics: New Peaks and Expected Correction
Experts from Cryptology Key analyzed the current situation in the cryptocurrency market and provided their own forecast regarding the future behavior of key digital assets. According to their observations, the weekly Bitcoin candle closed above the previous high, triggering a reaction in the $120,000 range. The market is expected to consolidate within this price corridor. Once the price stabilizes in the specified range, a final surge in altcoin prices may occur.
Analysts believe that the market is in the final phase of growth before a potential correction. They recommend that investors pay attention to altcoins in the coming weeks, as this segment may see increased activity.
Experts do not expect any further significant increase in Bitcoin’s price, but rather predict a swift market correction.
Ethereum Prospects: Possible Price Movement Scenarios
Regarding Ethereum, it is forecasted that the weekly candle may close above the $2,800 mark. In this case, analysts advise considering a correction as an opportunity to open long positions. A return to the price level around $2,678 is viewed as a potential signal for seeking swing positions.
It is difficult to predict how sharply the price will change based on the daily chart, especially in the current market phase. Experts are focusing on the end of July 2025 for making key strategic decisions. They also note that the most likely correction will occur impulsively, without clear technical signals, or in the form of short-term accumulation followed by a sharp rise, possibly synchronized with decisions from the U.S. Federal Reserve.
