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 Business • Media
As of July 21, 2025, Bitcoin is trading above the $118,000 mark, while Ethereum is at $3,800. Experts from Cryptology Key have conducted a detailed analysis of the current market situation and shared their forecasts regarding the future movement of these leading cryptocurrencies.
Bitcoin Market Dynamics: Expectation of Correction
According to updated analytical data, Bitcoin has reached the $120,000 range, testing this level. Analysts believe that a decrease in Bitcoin’s activity may be observed soon, leading to the start of a corrective phase for the entire crypto market.
The main support zone for BTC is currently at $111,000. Experts predict that by August 2025, the price may temporarily drop to this mark. A correction could serve as a catalyst for the growth of altcoins if they adjust by 15% or more.
It is noted that at this stage, it is advisable to consider opening short positions when the price closes below $115,000, although in this case, a further sharp decline is possible. Alternatively, a short-term price increase to $120,000 can be expected before the start of a new correction.
Analysis of short-term timeframes indicates that a price increase is possible as early as the beginning of the new week. After reaching a new historical high, traders are advised to look for opportunities to open short positions.
Ethereum Prospects: Key Levels and Buying Opportunity
Regarding Ethereum, July has been marked by impulsive growth. Despite this, experts do not predict a prolonged decline below the current monthly lows. Special attention is advised for the zone between $2,987 and $2,800, where a price stop point may form during the correction.
The correction for Ethereum could be either prolonged or sharp, so it is important to consider various scenarios down to the $3,000 level. At the same time, analysts do not recommend opening short positions; the optimal option may be to buy ETH on the spot market if the price drops to $3,000.
Analysts from Cryptology Key emphasize that the further development of events for both assets will depend on market behavior in the coming weeks.