Bitcoin opened this week, April 28-29, 2025, with a rise above $95,000 but failed to hold above this level. Ethereum, for its part, managed to break above the $1800 mark. The Cryptology Key team analyzed the current market situation and forecasted further price movements.
Bitcoin
Globally, there are signs that the market has begun to 'wake up,' so it is necessary to increase efforts to work off long positions. In the context of the current situation, we note that the price has removed the previous month's minimum. It has also absorbed two months of correction in the market.
Closing the month at such a level can be regarded as a signal for a bullish market. In the short term, we expect the month to close and a pullback in the 0.5 range of the previous candle. The structure is formed; the correction will either be to the 0.5 range of manipulation or a retest of the mirror level, which is a break in the structure. We do not see anything else in this range. We consider a price correction into the FVG area, or possibly a drop below the $82,792 zone with the possibility of updating the local minimum. Then we expect the formation of a local structure and a move to the level of $100,000 if confirmation is present in the form of a strong impulse at the close of the weekly bar or a high wick. The situation here is the same as on the daily chart. Nothing to add. Ethereum.
Here we see that the value has increased by 30% since the formation of the minimum in April 2025. For this asset in current realities, this is significant. The best scenario in this case would be a close with a maximum long wick. To the weekly maximum, which forms the structure, there seems to be an extremely long way. Therefore, in case of a price correction to the indicated area of interest (POI), we expect a surge in demand for the asset. In this range, we have an ascending four-hour structure. If the price settles on the daily segment below $1721, then a fall into the range from $1610 to $1680 is possible. Therefore, we consider any correction to $1671, the formation of a sharp impulse, and further movement to the level of $2000.