In the first half of the year, investors struggled to achieve their desired outcomes. Led by Ethereum (ETH) 
$2,399, altcoins remained notably weak. This situation mainly arose due to tariffs adversely affecting the Federal Reserve’s interest rate policy. However, this phase is nearing its end, and investors are preparing for the last two quarters of 2025.
Bitcoin and Global Liquidity
Central banks in the EU, China, Canada, and the UK are cutting interest rates. In contrast, the Federal Reserve paused its rate reductions due to “potential major issues triggered by tariffs” and the “risk of reviving inflation.” The established rule in cryptocurrencies is that increased global liquidity and the Fed reducing rates trigger bull markets. While this rule seems stymied by tariffs, today’s agreement with China gives us optimistic prospects.
Indeed, earlier today, analyst Jelle highlighted the strengthening global liquidity, suggesting that Bitcoin (BTC) 
$78,318 should reach even higher peaks.
“Global liquidity is continuing to rise, and Bitcoin is following suit. The target is now $150,000. If consolidation continues, we will see the rise persist,” Jelle stated.
As the chart illustrates, BTC is tracking global liquidity, albeit with some delay, with a continuing upward trend. The Fed eventually returning to rate cuts will likely propel BTC to new heights.
Analyst Carl Moon pointed out a rising triangle on the hourly chart, suggesting that BTC could surpass $112,800. Should this region be breached, a movement towards $120,000 could extend, igniting the spark for FOMO. As BTC lingers around its previous peak, altcoins seek more confidence and consolidation in the six-digit price territory.
Maintaining support at $107,800 is crucial to avoid triggering a significant drop.
Ethereum (ETH)
The king of altcoins is now normalizing closures above $2,740 and is currently at $2,818 as of this writing. This upward movement is expected to continue toward $3,079, thus ending the thousand-day nightmare for altcoins.
Analyst Trader Tardigrade highlighted a descending triangle on the monthly chart, indicating that the anticipated breakout has occurred, and the second phase, or FOMO stage, has begun. According to him, the ETH price is aiming for five-digit levels.
