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.
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The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as the Yen outperforms most of its major peers amid intervention warnings from Japanese authorities, with USD/JPY trading close to the 160.00 level. At the time of writing, GBP/JPY is trading around 215.27, easing from an intraday high of 215.74. Japan’s Finance Minister… Read more: GBP/JPY Price Forecast: Yen gains on intervention fears, but uptrend remains intact - GBP/JPY Price Forecast: Yen gains on intervention fears, but uptrend remains intactThe British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as the Yen outperforms most of its major peers amid intervention warnings from Japanese authorities, with USD/JPY trading close to the 160.00 level. At the time of writing, GBP/JPY is trading around 215.27, easing from an intraday high of 215.74. Japan’s Finance Minister… Read more: GBP/JPY Price Forecast: Yen gains on intervention fears, but uptrend remains intact
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