BitcoinOurWorld

Current Price: ~$118,287
24h Change: –0.28% (down ~$330)
Day’s Range: $117,155 – $118,980
Weekly Range: ~$115,000 – $121,500
Market Cap: ~$2.3 trillion
24h Volume: ~$38 billion
Dominance: ~49.7%
🧠 Technical Overview
Short-Term Trend: Consolidation
Support Levels:

Major: $115,000
Minor: $117,000
Resistance Levels:

Near-term: $119,000
Key breakout: $120,000
Indicators:

RSI: Neutral (~49), suggesting indecision
MACD: Slight bearish crossover
50-day MA: ~$118,600 (currently being tested)
200-day MA: ~$111,000 (bullish structure intact)
🔍$BTC
BTC has been hovering near $118K as the market pauses for breath, showing signs of consolidation. Traders are watching for a break above $120K or below $117K for the next directional move.
🏦 Fundamental Drivers Today
ETF Inflows Still Strong: BlackRock’s IBIT and Fidelity’s FBTC both saw net inflows despite price dip.
SEC Approval of In-Kind Redemptions: Expected to boost ETF efficiency and reduce arbitrage costs.
Fed Decision Tomorrow: Traders are cautious ahead of expected interest rate comments.
U.S. Strategic Reserve Rumors: Hype around the White House report has cooled, as the document is more policy-focused than market-moving.
On-Chain Metrics:
Exchange reserves down (bullish)
Miner outflows rising slightly (neutral–bearish)
HODLer supply at all-time high (~78% of circulating BTC)
🌐 Sentiment
Fear & Greed Index: 65 (Greed)
Derivatives Funding Rate: Neutral to positive
Social Volume: Slightly down from July highs
Google Trends: “Bitcoin ETF” trending more than “Bitcoin price” – showing institutional focus
📈$BTC BTC/USD Chart (as of July 30)
Here’s a recent price chart with key support/resistance:

(Source: TradingView, via Analytics Insight)

🧭 Outlook for the Week
Scenario Likely Outcome
BTC holds above $118K Grind up to $120K+; potential breakout
BTC loses $117K Retest of $115K; short-term correction
Fed dovish tomorrow Rally back toward $122K–125K
Analysts still forecast a $125K–130K breakout target in Q3 if ETF inflows continue and macro conditions remain favorable.
Would you like predictions, long-term outlooks, or historical performance data next?

$118,290.00
-$320.00
(-0.27%)
Today
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