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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Euro weakens ahead of the ECB’s rate decision while energy-driven inflation risks persist. ECB expected to hold its deposit rate at 2.50%, with traders seeking hints on possible December hikes. Bank of Canada raised rates by 25 bps to 2.50%, boosting CAD and signaling potential future tightening. EUR/CAD continues its losing streak that began on… Read more: Euro drops against Canadian Dollar ahead of ECB policy decision - Gold drifts lower as Fed rate hike bets and Middle East tensions boost USD
Gold meets with fresh supply on Thursday amid the emergence of some USD dip-buying. Hawkish Fed expectations and geopolitical risks revive demand for the safe-haven buck. Traders now look to the US Q3 GDP report and the crucial PCE Price Index for some impetus. Gold (XAU/USD) comes under some renewed selling pressure on Thursday, sliding… Read more: Gold drifts lower as Fed rate hike bets and Middle East tensions boost USD - Gold stalls its recovery as markets brace for Fed interest rate decisionGold pauses its two-day rebound as traders await the Fed’s interest rate decision. The Fed is expected to hold rates steady, with traders looking for clues on a December hike. XAU/USD remains below key daily moving averages, with immediate support at $4,000-$3,950. Gold (XAU/USD) consolidates losses on Wednesday as investors await the Federal Reserve’s (Fed)… Read more: Gold stalls its recovery as markets brace for Fed interest rate decision
- Euro edges higher vs CAD as BoC rate hike lands in line, focus shifts to ECBEUR/CAD edges slightly higher on Wednesday, despite the Canadian central bank’s decision to raise interest rates. The Bank of Canada increased its policy rate by 25 basis points to 2.50%, in line with market expectations. Investors now turn to Thursday’s European Central Bank decision, with another rate hike possible in December. EUR/CAD trades around 1.5640… Read more: Euro edges higher vs CAD as BoC rate hike lands in line, focus shifts to ECB
- Gold recovers above $4,000 as Oil prices ease, Fed decision loomsGold gained nearly 1% on Tuesday as easing oil prices lent some support. A stronger US Dollar keeps the metal’s gains in check ahead of Wednesday’s Fed interest rate decision. The technical picture remains weak, with momentum indicators favouring sellers. Gold (XAU/USD) edges higher during American trading hours on Tuesday after trading in negative territory… Read more: Gold recovers above $4,000 as Oil prices ease, Fed decision looms
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