Bitcoin's Sideways Trade as Ethereum, XRP, Dogecoin Weaken; Bitcoin Eyes $120,000

Bitcoin is trading near $120,000, while Ethereum, XRP, Dogecoin, and Shiba Inu have weakened. Notable statistics show a 121.9% increase in Bitcoin large transaction volume and daily active addresses, and a 225.7% increase in exchanges netflows. The top losers include Conflux, Pump.fun, and Ethena. Analysts predict Bitcoin's price could extend towards $128,000 and $150,000, while other traders see a potential bullish scenario with the current range being accumulation.

Title: Bitcoin and Altcoins: Market Trends and Predictions

Bitcoin is currently trading near $120,000, with Ethereum, XRP, Dogecoin, and Shiba Inu experiencing a downturn. Notably, Bitcoin has seen a 121.9% increase in large transaction volume and daily active addresses, while exchanges have reported a 225.7% increase in netflows [2]. Despite these gains, the top losers include Conflux, Pump.fun, and Ethena.

Analysts predict Bitcoin's price could extend towards $128,000 and $150,000, with some traders seeing a potential bullish scenario in the current range as an accumulation phase [1]. Bitcoin's price has shown resilience, with a classic V-shaped reversal after its all-time high near $123,000, signaling profit-taking and bearish control. Two Fair Value Gaps (FVGs) on the 4-hour chart, first at $119,000 and the next around $111,000, are magnets for price reversion [1]. The CME gap near $114,000–$116,000 adds credence to an imminent retracement toward that zone before bulls reclaim their footing [1].

Ethereum has retreated toward $3,600 support, while XRP has slid toward its previous all-time high of $3.40 after facing rejection from the $3.66 resistance level [2]. Despite these corrections, Ethereum and XRP continue to show signs of weakness on Tuesday, following a week of steady gains [2]. Bitcoin, however, offers bullish signs while consolidating above $118,000 level, with the market remaining inclined toward bullish speculation [2].

Hedera’s HBAR has posted a fourth consecutive bullish weekly candle, surging toward the $0.300–$0.340 resistance cluster. Weekly RSI above 50 and a positive MACD echo October 2023 readings that preceded a multi-month boom, underpinning a bullish Hedera outlook for 2025 [1]. While shorter-term indicators show bearish divergences, a pullback to $0.240 would offer a healthier base for the next leg higher, potentially positioning HBAR for 50× gains against select low cap crypto gems once macro tailwinds return [1].

Bitcoin's recent transfer of $153 million in BTC by SpaceX has ended three years of dormancy, providing a boost to the market [2]. This transfer has not significantly impacted Bitcoin's price, which remains stable above $118,000. The market is showing signs of a healthy yet fragile balance, with seller exhaustion likely and ready for another potential leg up [2].

In conclusion, Bitcoin's price prediction targets of $170,000 and $200,000 become plausible as leverage unwinds and fresh buyers step in. The altcoin market, particularly HBAR, is poised for explosive gains. The market's focus on accumulation and the potential for a broader consolidation phase signals a cautious yet optimistic outlook for the near future.

References:
[1] https://www.cryptopolitan.com/top-could-be-between-170000-and-200000-many-altcoins-are-set-for-50-gains/
[2] https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-consolidates-ethereum-and-xrp-trim-gains-as-elon-musks-spacex-moves-150-million-btc-202507221200