Against this backdrop, analysts from Cryptology Key shared their outlook for both Bitcoin (BTC) and Ethereum (ETH), outlining potential price trajectories as the market enters a pivotal summer period.
Bitcoin Outlook: At a Crossroads After Monthly Close
According to Cryptology Key, the close of the latest monthly candle sets up a binary scenario for Bitcoin. On the upside, a breakout rally toward $120,000 is on the table if bulls regain conviction and price sustains above key resistance. Alternatively, failure to maintain current levels could usher in a "grand correction" down to the $98,000 zone.
BTC/USD Monthly Chart July 2025. TradingView.Over the past four weeks, Bitcoin has responded well to a weekly imbalance that emerged in early May. If the bulls cannot hold the recent high, analysts warn that a deeper retracement becomes likely. The current market structure suggests a scenario in which the all-time high (ATH) is briefly taken out—potentially triggering a fresh round of selling before a period of summer accumulation. According to Cryptology Key, significant upward momentum is more likely to reappear closer to September.
BTC/USD Weekly Chart July 2025. TradingView.On the daily chart, sentiment remains cautious. Past approaches to the ATH—last established in late January—have consistently been met with sharp selling. The team expects similar behavior should Bitcoin retest these levels in the coming days. However, these short-term corrections are not seen as jeopardizing the overall long-term cycle. Instead, accumulation is likely to dominate the summer months, setting the stage for a potential breakout in the fall.
BTC/USDT.P Daily Chart July 2025Ethereum: Setting Up for a Breakout?
Ethereum’s recent monthly candle closed on a strong note, having swept all the liquidity that had accumulated since May 2025. Analysts believe the odds of making new July lows are slim. Should ETH approach $2,298, buyers may see an opportunity to target a rally back toward $4,000.
ETH/USD Monthly Chart July 2025On the weekly timeframe, Ethereum is also showing strength, having fully engulfed the previous week’s candle. Cryptology Key suggests that any correction below the July low could offer a high-conviction long entry, especially as the market prepares for renewed bullish momentum later in the quarter.
ETH/USD Weekly Chart July 2025On the daily chart, analysts are looking for Monday’s session to open with a move above the June 16 swing high, followed by a short-term retracement that tests (and possibly sweeps) the July low. This would provide a more attractive risk-reward entry for long positions targeting a sustained breakout.
ETH/USDT Daily Chart July 2025. TradingView.