Bitcoin is currently the center of attention as traders foresee a "big move" that could potentially drive the price to $125,000, while Ethereum (ETH) has also experienced a surge, reaching $3750.

Bitcoin's Bullish Momentum

Several factors are contributing to the optimistic outlook for Bitcoin. Nigel Green, CEO of deVere Group, predicts that Bitcoin is on track to reach $125,000 in the coming days, fueled by support from President Trump, regulatory developments in Washington, and increasing institutional demand. Green notes that Bitcoin has already surpassed $122,000, and indicators suggest further gains are likely this week. He anticipates a surge to $140,000, followed by a consolidation period before continuing its upward trajectory, reiterating deVere's forecast of Bitcoin reaching $150,000 within this cycle.

The world's largest cryptocurrency reached $121,207 early Monday, doubling its value over the past year. This surge is attributed to developments in the U.S., including President Trump's pro-crypto stance and upcoming debates in the House of Representatives regarding stablecoin regulation. The Genius Act, in particular, is expected to establish a federal framework for stablecoins, marking a significant regulatory milestone for the U.S.

Analysts believe that Bitcoin's current rally is not solely driven by speculation but by fundamental shifts in the market structure. Moves by nation-states, institutional investors, and regulators are dismantling barriers to mainstream crypto adoption. As the U.S. establishes a formal framework, other countries are expected to follow suit, potentially triggering a tipping point for widespread adoption.

Technical analysis also supports a bullish outlook for Bitcoin. Bitcoin is consolidating near $120,200 within a symmetrical triangle, suggesting an impending volatility breakout. Momentum remains strong, with buying pressure steady throughout the compression phase. A breakout above the $121,800–$122,000 resistance level could trigger the next surge, potentially reaching $125,000 and beyond. The rising On-Balance Volume (OBV) further reinforces this bullish scenario.

Ethereum's Rise

Ethereum (ETH) is also experiencing a surge, reaching a high of $3750. The cryptocurrency's price is up 3.00% in the last daily candle, trading at $3,673. The daily chart indicates a strong bullish trend, with consecutive green candles and minimal downside wicks. This momentum is driven by broader market optimism, renewed ETF speculation, and increased DeFi activity.

If Ethereum breaks above $3,750, the next target is $4,150, aligning with the psychological level of $4,000. A simple Fibonacci extension method projects a potential target of $4,150–$4,200 in the coming weeks.

Ethereum is currently trading in Wave 3 of an Elliott Wave pattern, which typically represents the strongest bullish phase. The chart shows impulsive movement without significant retracement, confirming bullish control. The absence of bearish divergence on the RSI and the strength of the current candles suggest a continuation rally, at least until $3,950–$4,150.