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.
- EUR/JPY recovers from session low but remains down on Friday
EUR/JPY trades on the back foot on Friday, easing away even as the Euro (EUR) posts solid gains against the US Dollar (USD). The Japanese currency surged suddenly near the start of the American session after a surprisingly weak United States (US) employment report. But the cross recovered much of those losses fairly quickly. Japan… Read more: EUR/JPY recovers from session low but remains down on Friday - Euro: Fed repricing supports moderate gains against US Dollar. Aqa,,
Commerzbank’s Thu Lan Nguyen argues that the US Dollar’s (USD) current support from perceived hawkish Federal Reserve (Fed) policy is likely to fade as markets reassess United States (US) rate expectations over coming quarters. While Euro (EUR) upside is seen as limited due to energy-related growth and rate headwinds, EUR/USD is still forecast to grind… Read more: Euro: Fed repricing supports moderate gains against US Dollar. Aqa,, - Euro: Oil-price sensitivity and war-end effects – Commerzbank.
Commerzbank’s Michael Pfister argues that lower Oil prices can initially restrain the Euro (EUR) by reducing European Central Bank (ECB) rate expectations. Over time, however, a lasting end to the Iran conflict could support the currency through stronger Purchasing Managers’ Index (PMI) and improved real economic activity. Oil, rates and Euro reaction “Over the past… Read more: Euro: Oil-price sensitivity and war-end effects – Commerzbank. - British Pound: Range trade holds ahead of Q2 GDP against US Dollar – Scotiabank.
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly firmer versus the US Dollar (USD), with modestly better PMIs but a fading fundamental backdrop as 2-year spreads give back gains since late June. With limited data before the August 13 Q2 GDP release, they remain medium-term bullish, expecting GBP/USD to… Read more: British Pound: Range trade holds ahead of Q2 GDP against US Dollar – Scotiabank. - Gold Price Forecast: XAU/USD eyes acceptance above $4,150 amid Hormuz deal hopesGold is building on its recovery from near the $4,020 region in Wednesday’s Asian trades, advancing beyond the $4,100 round level. Gold capitalizes on US-Iran peace deal hopes Gold buyers are extending their control amid further weakness in Oil prices, which continue to ease inflationary concerns and weigh on US Federal Reserve (Fed) interest rate… Read more: Gold Price Forecast: XAU/USD eyes acceptance above $4,150 amid Hormuz deal hopes
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