On Thursday, July 31, 2025, the BTC/USDT pair exhibits a cautiously bullish outlook, driven by recent market dynamics and technical indicators. Bitcoin is trading around $117,766-$118,368, with a new all-time high of $123,236 reached on July 14, 2025. The pair has shown resilience, supported by strong institutional inflows, particularly through U.S. Bitcoin ETFs, which have attracted significant capital in 2025. A recent U.S.-EU trade agreement on July 28 eased market fears, boosting BTC by 1.24% to $119,296, while $43.69M in short liquidations within 24 hours fueled upward momentum. The Fear & Greed Index at 67/100 reflects bullish sentiment, underpinned by a hashrate ATH of 955 EH/s, signaling miner confidence.
Short-term forecasts suggest BTC/USDT could trade between $116,261-$126,010, with a predicted price of $117,766 for July 31. Support lies at $114,790-$115,000, aligning with technical levels like the Kijun and FVG, while resistance is at $120,899-$124,000. The 200-day moving average is rising, indicating a strong long-term trend, though the 50-day moving average on shorter timeframes suggests potential bearish pressure. MACD remains bullish, but overbought conditions could lead to a brief pullback to $115,000-$116,000 before further gains. Posts on X highlight a possible sweep of $116,000 early in the week, with expectations of a rebound toward $128,000-$140,000 if support holds.
Volatility remains a concern, with regulatory shifts and geopolitical events posing risks. However, institutional adoption and Bitcoin’s finite supply post-2024 halving support a positive trajectory. Investors should monitor $121,000 as a key pivot; a break above could target $125,000-$130,000, while a drop below $115,000 may test lower supports.
- Gold recovery stalls near $4,200 as US Dollar, Treasury yields stabilise
Gold gains ground but struggles to extend its recovery as the US Dollar and Treasury yields stabilise. Traders await US consumer sentiment and inflation expectations data during American trading hours. XAU/USD remains confined to the $4,100-$4,200 range, with key daily SMAs capping the upside. Gold (XAU/USD) trades on the front foot on Friday but struggles… Read more: Gold recovery stalls near $4,200 as US Dollar, Treasury yields stabilise - EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes
EUR/USD treads water around 1.1200 after bouncing from 16-month lows at the 1.1150 area. High Oil prices and France’s complex debt scenario are keeping Euro bulls in check. The Fed’s Musalem has warned thst the bank will have to tighten rates further to bring inflation to target. The Euro (EUR) is failing to capitalise on… Read more: EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes - Gold Price Forecast: XAU/USD recovery falters as Oil and yields riseXAU/USD picks up from two-month lows at $4,066, but it remains capped in the lower range of the $4,100s. A strong recovery in Oil prices and US Treasury yields steady near long-term highs are keeping Gold’s rallies limited. Technically, the bearish trend remains in play while below the trendline resistance at the $4,200 area. Gold… Read more: Gold Price Forecast: XAU/USD recovery falters as Oil and yields rise
- Euro gains ground against British Pound despite French debt risksEUR/GBP rebounds to around 0.8485 in Thursday’s early European session. The UK faces a challenging fiscal picture, weighing on the British Pound. Traders are worried France’s fragile public finances risk spilling over to the rest of Europe. The EUR/GBP cross recovers some lost ground to near 0.8485, snapping the nine-day losing streak during the early… Read more: Euro gains ground against British Pound despite French debt risks
- Euro extends losing streak against British Pound, hits 16-month lowEUR/GBP trims intraday losses after falling to its weakest level since June 2025. France’s fiscal and political concerns remain the main drag on the Euro. Fiscal concerns on both sides of the Channel leave the Euro more vulnerable than the Pound. EUR/GBP trimmed part of its intraday decline on Wednesday but remained on the back… Read more: Euro extends losing streak against British Pound, hits 16-month low
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