Bitcoin and Ethereum Are Soaring — But Is This Just the Beginning?
Crypto Boom: A Deeper Look at Bitcoin and Ethereum’s Explosive Momentum
If you’ve been holding crypto, chances are you’re smiling from ear to ear right now. Bitcoin and Ethereum have both surged — and while the market celebrates, there are some critical technical signals hidden in the charts that most YouTubers aren’t talking about.
In this article, we’ll break down the monthly and weekly charts of BTC and ETH. We’ll also touch briefly on the daily timeframes — but the focus is on long-term analysis so that this content remains relevant even weeks or months from now. Get ready to explore high-conviction price projections and key technical levels that could define the next big moves in crypto.
Bitcoin Monthly: All Eyes on the All-Time High
We start with Bitcoin’s monthly chart on a logarithmic scale, essential for analyzing long-term price movements. The current pattern is clear: Bitcoin is in a strong uptrend, with higher lows and price action trading above the 20-period moving average, which is also sloping upward.
Right now, we’re on the verge of testing and potentially breaking the previous all-time high. If we break that level with conviction, it signals a powerful move ahead — but only if volume confirms.
⚠️ Technical Warning:
The Fibonacci third target (161.8% extension of the reversal pivot) has already been hit. That’s often when we see price enter overbought RSI territory, hinting at a possible short-term correction.
That said, Bitcoin has a history of sustaining RSI overbought conditions during strong bull runs. The current volume is not ideal — we’d prefer to see growing bullish volume to support the breakout.
If Bitcoin breaks its all-time high with below-average volume, that would be a bearish signal, based on classic technical analysis (Martin Pring style).
Weekly Chart: The Power of the Double Bottom
BTC’s weekly chart previously showed a downtrend, marked by lower highs and lower lows, with price below the moving average. But then — bulls stepped in.
Bitcoin failed to make a new low, holding support exactly at the 2019 bull market top. That creates a double bottom pattern, confirmed when BTC broke above the intermediate high. Since then, we’ve had five consecutive bullish weekly candles, and a correction now would be healthy and expected.
✅ Ideal Setup:
A brief correction toward the 20-period MA would allow a cleaner breakout and provide a clear stop-loss zone. If BTC forms a higher low and then breaks the weekly top, that move could also break the monthly ATH, giving momentum traders a beautiful entry.
Daily Chart: Consolidation Before Liftoff?
The daily chart shows a pattern we love: price surged, then consolidated sideways, letting the 20 MA catch up. This resembles a Power Breakout setup.
We already saw one successful breakout recently after a period of sideways action. If BTC consolidates a bit more, then breaks the recent top, that could offer another strong entry — right at all-time high breakout territory.
And we all know what happens when Bitcoin breaks ATHs — the media explodes, retail FOMO returns, and the rally can get vertical.
Ethereum: The Smart Money Move
Now let’s talk about Ethereum. ETH has already delivered 60–70% gains since the bottom, perfectly respecting our previous analysis.
A massive downtrend leg created huge distance from the 20 MA. We anticipated a bullish correction to at least the 38% Fibonacci level — and ETH not only reached it, but exceeded it.
My Personal Trade:
I bought ETH near the bottom and recently took partial profits — locking in gains for peace of mind while still holding half my position to ride the trend.
ETH has now formed a reversal pivot, broken resistance, and sits in a healthy uptrend on the daily and weekly charts. A pullback to the 20 MA would offer another solid buying opportunity.
What’s Next?
Both BTC and ETH are showing strong uptrends, but the best entries often come after corrections. Don’t chase price — wait for smart setups:
- Consolidation near key MAs
- Volume drops during consolidation
- Breakout confirmation above local highs
- Stop-loss placed just under recent swing lows
If you’re serious about trading, consider using multiple timeframes, align daily with weekly, and always keep your risk in check.
Want to Learn This Strategy?
All of these techniques — from Fibonacci projections to Power Breakouts and multi-timeframe alignment — are covered in detail in the Crypt Trader course. The course has already helped countless students profit from crypto cycles with precision.
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Final Thoughts
Crypto remains in a bullish macro environment, but knowing how and when to enter is key. Whether you’re a long-term holder or a swing trader, understanding the technical context can help you avoid FOMO and make informed, high-probability moves.
The breakout might have started. But the best trades? They might still be ahead.
👉 Stay sharp. Stay informed. Trade smart.
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