Kategorie: Bitcoin News

• Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum.
• $200K in 2025 is unlikely without stronger volume support.
• Long-term outlook remains bullish despite short-term hurdles.

Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity.

However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum.

BTC faces a key resistance hurdle at $120,000

At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14.

And while it is still 77% up over the past year, momentum has slowed in recent sessions.

Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level.

Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered.

Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support.

As long as Bitcoin maintains this position, the broader bullish trend remains intact.

Futures market signals continued consolidation

The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation.

Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below).

The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance.

A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range.

On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk extending to $112,000 if support breaks.

Volume profile data supports this indecisiveness. Most of the recent trading activity has clustered between $118,000 and $122,000, highlighting this zone as a significant liquidity area.

For any breakout to sustain, a corresponding uptick in volume must accompany it — something that has yet to materialise.

Whales stir, but caution remains

Fueling speculation further, a long-dormant Bitcoin whale recently moved 10,606 BTC, worth approximately $1.3 billion.

HUGE $BTC MOVEMENT — Dormant Whale Wakes Up and Transfers 10,606 BTC ($1.26B)

Be alert — major Bitcoin movement detected.

In the past 5 hours, three wallets, likely controlled by the same long-term whale, have collectively transferred 10,606 BTC — worth around $1.26 billion —… pic.twitter.com/UltvrUPlPn

— EyeOnChain (@EyeOnChain) July 23, 2025

This reactivation, after years of inactivity, has raised questions about the whale’s intentions—be it profit-taking, institutional over-the-counter (OTC) deal prep, or strategic reallocation.

Such large-scale movements often impact market sentiment, particularly when they occur near price peaks.

If these funds are moved to exchanges, the threat of a large selloff increases.

Conversely, if transferred to cold storage, it may indicate confidence in Bitcoin’s long-term trajectory. For now, the market remains watchful, not reactive.

Macro and political tailwinds support BTC’s growth

External forces are also adding fuel to Bitcoin’s long-term prospects.

Trump Media and Technology Group recently acquired nearly $2 billion worth of Bitcoin using proceeds from stock sales and bonds.

This move coincides with increased US legislative support for crypto, including the passage of the GENIUS stablecoin bill and proposals for a Strategic Bitcoin Reserve.

Moreover, Bitcoin-backed borrowing is gaining traction. Xapo’s BTC-collateralised lending product recorded a 24% increase in Q2 usage, particularly in Europe and Latin America.

This trend suggests that holders are increasingly seeking liquidity solutions without having to sell their BTC, a dynamic that could reduce short-term selling pressure.

The $200k Bitcoin price prediction

Despite short-term hurdles, several analysts believe Bitcoin remains on a long-term path toward $200,000—just not in 2025.

Glassnode lead analyst James Check, in a recent interview with Pahueg at Less Noise More Signal, stated that while hitting $200,000 by year-end is “very improbable” due to insufficient buying volume, he fully expects BTC to exceed that mark within five years.

His outlook reflects broader sentiment: without follow-through volume, even strong rallies risk unravelling.

Others, including Bitwise’s Matt Hougan and Bernstein Research, maintain bullish 2025 targets based on anticipated institutional demand and the growing influence of Bitcoin ETFs.

However, analysts emphasise that BTC must first stabilise above $130K, $140K, and eventually $150K to credibly approach the $200K zone.

These milestones represent both technical and psychological resistance levels.

The post Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle appeared first on CoinJournal.

• $740.3M raised via equity sales across four security classes.
• 1.6M MSTR shares sold under $21B ATM authorisation.
• Strategy’s BTC yield for 2025 stands at 20.8% year-to-date.

Strategy has added another 6,220 Bitcoin to its corporate balance sheet, spending $739.8 million during the week ending July 20, 2025.

The purchase was funded through the company’s ongoing at-the-market (ATM) equity offerings.

With this latest acquisition, the firm now owns 607,770 BTC—worth over $43 billion at current prices—making it the largest institutional holder of Bitcoin worldwide.

The firm, chaired by billionaire Michael Saylor, paid an average of $118,940 per Bitcoin in its latest purchase, as disclosed in a filing published on Monday.

This represents a significant premium over its historical average acquisition cost of $71,756 per BTC.

Strategy issues 1.6M MSTR shares in latest equity round

Between July 14 and July 20, Strategy raised approximately $740.3 million across four different security classes.

The majority of funds—$736.4 million—were generated from the sale of 1,636,373 MSTR common shares.

The company also issued 5,441 STRK preferred shares with an 8.00% strike, raising $700,000. Another 2,000 STRF shares were sold at a 10.00% strike, bringing in $200,000. Additionally, 31,282 STRD preferred shares, also with a 10.00% stride, were issued for $3.0 million in proceeds.

All four instruments fall under large multi-billion-dollar issuance programmes. Both the MSTR and STRK share classes are authorised for up to $21 billion each.

These programmes demonstrate Strategy’s continued ability to convert equity into Bitcoin reserves at scale without relying on traditional financing channels.

BTC acquisition cost shows 20.8% YTD return for Strategy

Bitcoin prices remain significantly higher than Strategy’s average cost basis of $71,756, giving the firm a year-to-date return of 20.8% on its BTC holdings.

At current market prices—just above $118,000—Strategy’s crypto treasury continues to outperform many traditional corporate investments.

This yield figure is particularly notable as Bitcoin has consolidated after hitting an all-time high of $123,000 last week.

Although prices have since pulled back slightly, the bullish market structure remains intact.

Analysts have observed a pennant formation following BTC’s strong rally in July, typically a continuation pattern that suggests potential for further upside.

Despite short-term market volatility, Strategy’s long-term accumulation approach has proven resilient.

The latest purchase reinforces its strategy of treating Bitcoin as a primary treasury asset and a long-term store of value.

Market reacts as Saylor signals continued BTC accumulation

Michael Saylor has maintained a consistent narrative around Bitcoin being a superior store of value.

On Saturday, just days after the most recent BTC buy, he posted on X (formerly Twitter): “Stay humble, stack sats.” The phrase has been interpreted as a signal that Strategy’s accumulation is far from over.

The company’s approach, combining equity capital markets with ongoing BTC purchases, serves as a blueprint for institutional crypto exposure.

As regulatory clarity and institutional infrastructure improve, Strategy’s model could influence how other publicly listed firms handle treasury allocation.

Bitcoin’s latest rally, paired with corporate participation at this scale, continues to shift market sentiment toward long-term adoption.

While the token’s price has slipped slightly from its recent peak, its resilience above the $115,000 level is being closely watched by traders and institutional investors alike.

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• US House passed all three key crypto bills: the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.
• Despite the “historic” legislative wins, crypto markets remained flat, with Bitcoin down 0.89% to $118,849.
• The GENIUS Act (stablecoins) is the first major crypto bill to clear both chambers and is now on President Trump’s desk.

The US House of Representatives has delivered a week of landmark legislative victories for the cryptocurrency industry, passing all three key bills aimed at providing long-sought regulatory clarity.

However, in a striking display of market apathy, this historic breakthrough in Washington has been met with a collective shrug from crypto traders, with prices remaining largely flat.

In what many industry proponents are calling a watershed moment, the US House has now passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.

The CLARITY Act, which passed by a strong vote of 294 to 134, aims to establish clear guidelines for classifying digital assets as either securities under the purview of the Securities and Exchange Commission (SEC) or as commodities under the Commodity Futures Trading Commission (CFTC).

The Anti-CBDC Surveillance State Act, which passed by a much narrower 219 to 217 vote, effectively bans the Federal Reserve from issuing or even testing a central bank digital currency without explicit Congressional approval. Both of these bills will now advance to the Senate, where their future remains uncertain.

The most significant of the three, the GENIUS Act, which creates a regulatory framework for stablecoins, has already cleared both chambers of Congress. Having previously passed the Senate with a 68 to 30 vote, it sailed through the House this week with a decisive 308 to 122 vote.

This bill is now on President Trump’s desk, making it the first major piece of crypto-focused legislation on track to become US law.

Despite these monumental legislative achievements, the crypto markets have remained conspicuously unfazed. Bitcoin (BTC) is currently trading at $118,849, down 0.89% over the past 24 hours. Ethereum (ETH) is hovering at $3,389, down 0.27%.

The broader altcoin market has also been mostly muted. The one notable exception is XRP, which is up over 8% on the day, continuing a strong bullish run it has maintained throughout the week.

The market’s tepid reaction is further evidenced by liquidation data. According to Coinglass, 150,169 traders were liquidated in the past 24 hours, with total liquidations reaching nearly $490 million.

The largest single liquidation was a $3.21 million ETH-USDT long position on the crypto exchange HTX, a sign of the choppy, directionless trading that has characterized the market.

A tale of two markets: crypto stalls as Wall Street soars

The crypto market’s indifference stands in stark contrast to the exuberance seen in traditional stock markets.

Major US indexes surged to fresh record highs on Friday, as upbeat corporate earnings and stronger-than-expected economic data lifted investor sentiment.

The S&P 500 jumped 0.54% to a new record close of 6,297.36, marking its ninth all-time closing high of the year. The tech-heavy Nasdaq Composite also hit its tenth record of 2025, climbing 0.74% to finish at 20,884.27, driven by strength in major tech stocks.

The Dow Jones Industrial Average rose 229.71 points, or 0.52%, to close at 44,484.49.

This rally in equities was supported by strong economic data, including a retail sales report for June that came in at 0.6%, beating expectations of 0.2%, and a drop in jobless claims, both signaling a still-resilient US economy.

Strong earnings reports from companies like PepsiCo and United Airlines further boosted optimism as the second-quarter earnings season gets underway.

This divergence highlights a curious moment in markets, where a significant, long-awaited regulatory victory for crypto has failed to generate the kind of bullish excitement currently being seen on Wall Street.

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Bitcoin is holding steady above the $118,800 mark as the market digests its recent powerful rally to a new all-time high of over $122,000.

While on-chain data now indicates that the first wave of heavy profit-taking has begun, particularly among short-term holders sitting on significant gains, some analysts believe that historical patterns still suggest room for another push higher, though they are also warning that “overheating” signals are beginning to flash.

In a recent report, on-chain analytics firm Glassnode highlighted that “short-term holders are now sitting on significant unrealized profits,” a condition that is pushing key indicators “towards overheated territory.”

The Short-Term Holder Relative Unrealized Profit metric recently hit 15.4%, breaching a key statistical threshold (+1 standard deviation) before cooling slightly. Historically, this level “often marks the beginning of top formation,” according to Glassnode.

The firm also pointed to the Realized Profit to Loss Ratio, which recently spiked to a staggering 39.8, “well above the +2 standard deviation threshold,” signaling a period of intense profit-taking from successful traders.

Although this ratio has since declined to a more moderate 7.3, the elevated reading remains consistent with behavior typically seen in the late stages of a bull market.

“So far, both the Percent of Spent Volume in Profit and the Realized Profit to Loss Ratio have signaled the first wave of excessive profit-taking,” the report concluded.

While this doesn’t necessarily mark a definitive market top, Glassnode cautions that “such top formations tend to unfold across multiple waves,” with the next major resistance level for Bitcoin projected to be around the $130,000 mark.

The great rotation: traders move into altcoins

As Bitcoin’s near-term upside appears increasingly constrained by this profit-taking pressure, some traders are beginning to rotate their capital into major altcoins.

Ethereum (ETH) surged an impressive 7.5% in the past 24 hours, outpacing Bitcoin and breaking out of a recent consolidation phase.

Analysts have pointed to the recent advancement of the GENIUS Act, a stablecoin regulation bill, as a potential catalyst for ETH’s strong performance.

Solana (SOL) also saw a significant jump, up 5%, buoyed by fresh on-chain data showing that Galaxy Digital had accumulated $55 million worth of SOL within a tight two-hour window, withdrawing the tokens from multiple centralized exchanges.

This rotation into major altcoins like ETH and SOL suggests that while Bitcoin’s broader market structure remains intact, traders are seeking opportunities for higher returns in other parts of the crypto ecosystem.

Coinbase’s big rebrand: from ‘Wallet’ to ‘Base App’

In a significant development for the broader crypto ecosystem, Coinbase has officially rebranded its popular Wallet product as the ‘Base App’.

This move confirms speculation that had been swirling since the company scrubbed its X profile earlier this week.

The rebranding positions the app as a central gateway into the burgeoning Base ecosystem, which is now being pitched as a full-stack, on-chain platform designed for mainstream adoption.

The rebrand was officially announced during Coinbase’s “A New Day One” event, which also unveiled a broader vision for the Base ecosystem, now built around three key pillars: the existing Layer-2 network, Base Chain; a new developer toolkit suite dubbed Base Build; and the newly launched Base App.

Unlike its predecessor, the Coinbase Wallet, the new Base App is designed to be much more than just a place to store crypto.

It will integrate chat functionalities, payments, trading, and a mini-app marketplace that supports a wide range of social and financial experiences.

This is not Coinbase’s first attempt at a wallet makeover (long-time crypto users will remember its original wallet, “Toshi”), but it is arguably its most ambitious.

With the Base ecosystem increasingly distancing itself from the parent Coinbase brand, the new app appears designed to emphasize Base’s distinct identity as a more decentralized, open ecosystem—one that is anchored in the core values of crypto but packaged in a user-friendly way for the everyday consumer.

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