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This is reported by Business • Media
On July 7, 2025, the price of Bitcoin once again exceeded the $109,000 mark after a brief drop to $108,000 over the weekend. The increase in the value of the first cryptocurrency occurred against the backdrop of the White House’s announcement to postpone the introduction of new tariffs until August 1.
Analysts from Cryptology Key have analyzed the current situation in the Bitcoin and Ethereum markets, presenting their forecasts regarding possible further fluctuations in the value of these digital assets.
Bitcoin: Possible Development Scenarios
According to the monthly chart, two main scenarios have been outlined for Bitcoin. The first anticipates a transition to a phase of rapid growth with a potential target of $120,000. The second indicates the beginning of a significant decline to the level of $98,000.
Over the past four weeks, the price of Bitcoin has reacted to a weekly imbalance that was formed back in May 2025. If it fails to consolidate above after reaching a local maximum, the likelihood of a decline will significantly increase.
The current situation suggests the possibility of updating the historical maximum (ATH) followed by a pullback. Analysts note that summer is far from over, so a period of accumulation and market preparation for a new impulse, which may manifest in September 2025, should be expected.
On the daily chart, bearish sentiment prevails. Previous approaches to the ATH recorded at the end of January 2025 were accompanied by mass selling. If the price approaches this level again, analysts expect a repeat of such market behavior without breaking a new maximum. However, the long-term outlook remains positive, and the accumulation period may end with significant growth in the fall.
Ethereum: Growth and Correction Prospects
Regarding Ethereum, the monthly candle closed at a strong position, absorbing the liquidity that had accumulated in May. Analysts consider it unlikely that the July minimum will be updated. If the price drops to $2,298, the opportunity for a new wave of growth to $4,000 opens up.
The weekly chart also shows positive dynamics: recent corrections have been fully absorbed, indicating a predominance of buyers. Any drop below the July minimum could be seen as an entry point for opening long positions.
On the daily chart, analysts expect an impulsive start to the new week, with the price rising above the June 16 maximum followed by a brief decline to the July minimum. After such a movement, there may be prospects for opening long positions aimed at medium-term growth.
