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This is reported by Business • Media
As of July 28, 2025, the cryptocurrency market continues to show high volatility. Bitcoin has broken the psychological barrier of $119,000 for the first time, while the dominance level of this cryptocurrency has dropped to less than 61%. Ethereum has also shown significant growth, surpassing the $3,900 mark, which has not been seen since December 2024.
Bitcoin Price Dynamics: Key Levels and Forecasts
According to analysts at Cryptology Key, there is currently an expectation for Bitcoin to close the month and test the $109,000 level for the first time. This is expected to precede a potential autumn rally in the market. Transitioning to shorter time frames shows that it is important not only to test the mentioned level but also to fully close the first July imbalance for the movement to develop.
Experts state that the recent breakthrough of the $115,000 mark opens up a scenario where a surge to $120,000 is possible at the beginning of next week, after which a pullback is expected, as the main supports from below have already been removed. If the price of Bitcoin rises above $120,000, analysts consider opening short positions targeting a decline to $110,000.
Ethereum Prospects: Market Development Scenarios
Ethereum also remains in the spotlight of analysts. The current situation suggests maintaining the main scenario; however, the possibility of covering the 0.5 range of imbalance is not excluded if the market does not gain enough strength for a significant decline.
The priority plan for Ethereum includes an accumulation phase, after which a new high recorded on July 21 may be reached. Only after this, according to experts, can the market transition to searching for reasons for a correction or price decline.
Analysts at Cryptology Key note that it is important to closely monitor the dynamics of key levels and consider the possibility of sharp changes in sentiment among investors when making market decisions. More analysis and insights can be found in the Cryptology Key Telegram channel.