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 shrugs off Fed hike as falling yields reopen path to $4,400
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Francesco Pesole at ING highlights that EUR/USD has broken lower after a more hawkish‑than‑expected Federal Reserve meeting, with the two‑year swap differential at its widest since July. Despite some support from the ECB’s stance, higher Oil prices have dragged ING’s short‑term fair value estimate for EUR/USD down to 1.150, leaving downside risks in place until… Read more: Euro: Fair value falls on oil and Fed pressure against US Dollar. - Gold: Higher yields cap recovery prospects – OCBCOCBC strategist Christopher Wong reports that Gold reversed lower after the FOMC as a stronger US Dollar (USD) and rising United States (US) yields weighed on sentiment, with the 2-year near 4.75% and the 10-year around 5%. He argues elevated yields and a firm Dollar may cap Gold in the near term, but says the… Read more: Gold: Higher yields cap recovery prospects – OCBC
- Gold consolidates gains as traders brace for Fed interest rate decisionGold (XAU/USD) consolidates gains on Wednesday after rebounding during Asian trading hours, supported by a modest pullback in Oil prices and US Treasury yields. The metal is struggling to build on the intraday advance as traders avoid taking aggressive positions ahead of the Federal Reserve’s (Fed) monetary policy announcement, while a firm US Dollar (USD)… Read more: Gold consolidates gains as traders brace for Fed interest rate decision
- GBP/USD Price Forecast: Fails near 1.3500 as bears eye 200-SMA ahead of Fed decision
t The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.3500 neighborhood and drops to the lower end of its daily range during the first half of the European session on Wednesday. Spot prices currently trade around the 1.3470-1.3465 region, just above a one-month low touched on Tuesday, as traders keenly await… Read more: GBP/USD Price Forecast: Fails near 1.3500 as bears eye 200-SMA ahead of Fed decision
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