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 outlook: Bears pause at significant $4,000 support.
Gold Gold price ticks higher on Friday after repeated failure to register clear break of psychological $4000 support. The metal is on track for the fourth consecutive weekly loss, pressured by stronger dollar on growing expectations that Fed will start raising interest rates, with the first action expected as early as September. Thursday’s US PCE… Read more: Gold outlook: Bears pause at significant $4,000 support. - Euro weakens against British Pound as markets pare back ECB hike bets
The EUR/GBP cross declines to around 0.8620 during the early European trading hours on Thursday. Dovish remarks from the European Central Bank (ECB) policymakers weigh on the Euro (EUR) against the British Pound (GBP). Traders await the speeches by the ECB’s Philip Lane and Piero Cipollone later on Thursday for fresh impetus. While the ECB… Read more: Euro weakens against British Pound as markets pare back ECB hike bets - GBP/USD Price Forecast: Resumes downside after testing Triangle breakdown zoneThe British Pound (GBP) trades 0.38% lower at around 1.3150 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces intense selling pressure as the US Dollar outperforms due to hawkish Federal Reserve (Fed) bets. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against… Read more: GBP/USD Price Forecast: Resumes downside after testing Triangle breakdown zone
- Euro edges lower vs Yen as German sentiment, ECB caution meet Japan intervention fearsEUR/JPY edges lower on Wednesday, trading around 183.55 at the time of writing, down 0.17%, as investors assess the impact of improving economic sentiment in Germany against rising intervention risks in Japan’s foreign exchange market. Germany’s IFO Business Climate Index rose to 85.6 in June, in line with expectations, from a revised 85 in May.… Read more: Euro edges lower vs Yen as German sentiment, ECB caution meet Japan intervention fears
- GBP/JPY Price Forecasts: Pound retreats to 213.20, lacking a clear bias
The British Pound (GBP) pares Monday’s gains against the Japanese Yen (JPY) on Tuesday, weighed down by higher intervention risks and downbeat UK business activity figures. The GBP/JPY pair pulled back to session lows of 213.20 during the European Trading session, from Monday’s 214.70 highs, but remains wavering without a clear bias within the last… Read more: GBP/JPY Price Forecasts: Pound retreats to 213.20, lacking a clear bias
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