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This is reported by Finway
On July 7, 2025, the price of Bitcoin rose above $109,000, compensating for a recent correction to $108,000 observed over the weekend. The main reason for the increase was the announcement by the U.S. administration to postpone the implementation of new tariffs until August 1.
Experts from the analytical company Cryptology Key provided a detailed overview of the Bitcoin and Ethereum markets, focusing on key price levels and potential scenarios for the movement of these major cryptocurrencies in the near term.
Bitcoin Market Analysis
Based on the monthly closing candle on the BTC/USD chart, market participants can expect two probable directions: either a significant rise to $120,000 or the beginning of a prolonged correction with a drop to $98,000. Over the past month, the price of Bitcoin has shown a strong reaction from the weekly imbalance that formed in early May 2025. If the asset does not secure above the key highs, it is likely that the market will enter a downward phase.
Currently, analysts suggest the possibility of a new all-time high (ATH) followed by a correction. This forecast is influenced by summer seasonality: in July, the market often remains in an accumulation phase, with significant movements possible closer to September 2025.
On the daily timeframe, a predominantly bearish sentiment is observed. As history shows, approaches to the ATH formed at the end of January were accompanied by mass sell-offs. If the price approaches this level again, analysts expect a similar reaction, without a breakout above. However, this will not affect the long-term dynamics — Bitcoin is likely to remain in an accumulation phase until autumn.
Ethereum Forecast
The monthly candle for Ethereum closed at a strong level, absorbing the liquidity accumulated in May 2025. Analysts do not predict a new July low. Upon reaching the $2,298 mark, the prospect for growth to $4,000 opens up.
The situation on the weekly chart also looks positive: the recent momentum allowed for the absorption of the previous weekly candle. Any correction below the July low can be seen as a point for opening long positions.
On the daily chart, Ethereum is expected to test the high from June 16, 2025, after which a pullback to the July low may occur. Only after such a correction do analysts recommend considering long-term purchases.
The technical analysis from the Cryptology Key team allows investors to take into account potential risks and market prospects; however, all trading decisions should be made independently, considering individual strategies.