🚀 LIVE: BTC Smashes Through $117K, Targets $119K Next as ETH Tops $4K – Top Crypto Picks for August 2025

Bitcoin just bulldozed past $117,000—again—setting its sights on $119K as Ethereum cracks the $4,000 barrier. The rally’s got traders scrambling for the next big play. Here’s where smart money’s flowing.

The BTC Momentum Play

No slowing down for the orange coin. After a brief consolidation, Bitcoin’s back in beast mode, eating resistance levels like Wall Street bonuses. The $119K target? Just a pit stop if this volume holds.

ETH’s $4K Party—Just Getting Started?

Ethereum’s not just riding coattails. With DeFi activity spiking and institutional ETH ETFs sucking up supply, that $4K breakout could be the launchpad for a bigger move. (Yes, even the suits are FOMOing now.)

Altcoin Watch: Where the Real Alpha’s Hiding

While the majors run, sharp eyes are on layer-2 tokens and AI-driven protocols—sectors quietly outperforming during this leg up. Because nothing says ‘crypto’ like chasing the next shiny thing while VCs cash out.

The Bottom Line

This market’s moving faster than a hedge fund’s moral compass. Whether you’re stacking sats or hunting altcoin gems, one rule applies: ride the trend—but keep an exit strategy sharper than a central banker’s pivot.

Further to this, the daily CME futures gap has been filled, establishing a new support NEAR $114k. In the background, there is a divergence forming between spot price action and ETF flows. Bollinger has flagged the setup as a possible trap for overzealous bears.

According to CoinGlass’s heatmap data, the BTC is encountering mounting resistance in the growing liquidation clusters between 117.5k and 118k. On the flipside, downside bids are accumulating around 114k, a level reinforced by the completion of the CME futures gap.

(CoinGlass Heatmap Data)

This level has historically served as a key point of convergence for spot prices, enhancing its credibility as a support base.

$BTC liquidation map shows major long cluster at ~116000 (left) and short cluster at ~118000 (right). These act as price magnets, potential volatility drivers. Config: optical_opti. pic.twitter.com/iJDczuolzG

— TheKingfisher (@kingfisher_btc) August 9, 2025

Analysts suggest that if the BTC can push past the 119k mark, $120k becomes the next big target both psychologically and technically.

: Top solana Meme Coins to Buy in August 2025

Ethereum Eyes $4500! Is It The Best Crypto To Buy Now?

Over the last 24 hours, ETH saw $229.49 million in futures liquidation, with CoinGlass’s data showing $22.24 million wiped away from longs and $207.25 million from shorts. ETH bounced off support near $3,470 last week and has since then surged 15% reclaiming the $4000 mark for the first time since December 2024.

As of this moment, ETH is facing resistance at the $4100 level, marked by historical selling pressure and a descending trendline that traces back to its November 2021 all-time high.

A breakout above the $4100 mark could result in another bullish run and could potentially see ETH surge towards the $4500 mark, a key resistance zone before retesting its all-time high of $4,868.

Meanwhile, it must defend its $3470 support to preserve this bullish momentum. A weekly close below this level could trigger a drop towards $3220, and if that fails, the $3000 psychological support zone might come into play.

Momentum indicators, such as the RSI indicator, are flashing red as the ETH nears the overbought territory, while the Stochastic Oscillator has remained overbought since June. While signals currently indicate a bullish momentum, the possibility of a short-term cooldown must not be ruled out.

$ETH: Looks really good here, it reached the highest price since December 2021. This is a breakout through a multi-year resistance. Could jump to 5k and then re-test 4k as support. https://t.co/KdV98aYjvM pic.twitter.com/1qDPl7YaID

— Christian Ott (@ChrisOtt) August 9, 2025

On a brighter note, ETH has gained more than 180% since hitting its recent low of $1385 in April and has rallied by more than 60% over the past month. A strong buying pressure from corporate entities pivoting towards ETH treasury has fuelled this recent performance.

Moreover, it received a regulatory boost from the SEC (Securities and Exchange Commission) on 5 August 2025 after the regulatory body clarified that liquid staking of crypto assets doesn’t breach securities law.

: 10+ Crypto Tokens That Can Hit 1000x in 2025

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