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 weakens below $4,600 as USD rallies on Fed hike bets and geopolitical risks
Gold (XAU/USD) prolongs this week’s pullback from the monthly peak and drifts lower for the fourth straight day on Friday. The downward trajectory drags the commodity below the $4,600 mark, or an over one-week low, and is sponsored by a sustained US Dollar (USD) buying interest. The USD Index (DXY), which tracks the Greenback against… Read more: Gold weakens below $4,600 as USD rallies on Fed hike bets and geopolitical risks - Gold: Indian tariff hike weighs on demand.ING’s commodities strategists Warren Patterson and Ewa Manthey report that India, a key Gold consumer, has sharply increased import tariffs on Gold and Silver to support the rupee and foreign exchange reserves as the Iran conflict continues. They note that India relies heavily on imports and expect the higher tariffs to act as a near-term… Read more: Gold: Indian tariff hike weighs on demand.
- Euro: Strategic autonomy and yuan challenge.
Rabobank’s Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral. Every stresses this move could support yuan internationalisation just as the EU seeks greater strategic autonomy and wider global usage of the Euro, particularly in trade commodity finance where Euro… Read more: Euro: Strategic autonomy and yuan challenge. - Gold hovers near $4,700 as higher-for-longer rate outlook limits upsideGold (XAU/USD) consolidates minor losses on Wednesday as the US Dollar (USD) extends its recovery amid persistent uncertainty over US-Iran talks and growing expectations that the Federal Reserve (Fed) could keep interest rates higher for longer. At the time of writing, XAU/USD is trading around the $4,700 psychological mark, posting modest intraday losses of about… Read more: Gold hovers near $4,700 as higher-for-longer rate outlook limits upside
- Gold keeps the red below $4,700 as USD extends gains ahead of US PPIGold (XAU/USD) maintains its offered tone through the first half of the European session on Wednesday and currently trades just below the $4,700 mark, though it lacks bearish conviction. Hotter-than-expected US consumer inflation figures released on Tuesday reaffirmed market expectations for a more hawkish US Federal Reserve (Fed). Moreover, geopolitical uncertainties lift the US Dollar… Read more: Gold keeps the red below $4,700 as USD extends gains ahead of US PPI
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