Here is the forecast and analysis of the Bitcoin (BTC) situation for today:
---$BTC
📉 Short-term price overview
Current price: ≈ $116,553, down by ~ $4,500 (–0.04%) compared to yesterday.
Yesterday, it reached a daily high of $121,919, and fell to a low of $116,391.
---$BTC
🔎 Technical analysis and forecasts
Binance predicts that BTC may rise by ~5% today and close the day in the $117–116.6k range.
According to DailyForex, if BTC breaks resistance levels, the 50-day exponential MA (around $110,000) may serve as support; a rally scenario to $125–130k is possible, although a temporary "cooling" pullback is expected.
Meanwhile, FXLeaders warns of a possible drop before another wave of growth – the price may temporarily fall into the $112–110k range, which analysts view as a good opportunity for "dip-buying."
---$BTC
📆 What's next – weekly and monthly perspective
5-day forecasts predict an increase to around $126.6k (+8.8%), and in the monthly perspective – to $123.6–127.4k (+6–14%).
Longer term (1 - 3 months): the typical range is $131–140k, with some technical models for Ethereum indicating a possible increase to $135–140k in the near future.
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🏛️ Market factors
The ongoing legislative week ("Crypto Week") in the US Congress, during which key laws regarding the cryptocurrency market are being debated, supports BTC prices. It has influenced the influx of institutional capital, and the price surpassed ATH of ~$123k.
ETF inflows into Bitcoin in mid-July amounted to a record $3.4–3.7 billion, confirming the dominance of institutional investors over retail.
Favorable policies of the administration and planned legislation stabilizing the market further boost sentiment.
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🎯 Summary: what to expect today?
1. Short term – a slight correction to $116–118k is possible and justified for technical reasons. At the same time, maintaining support suggests a potential return move towards $121–123k.
2. Medium term (a few days to a week) – a possible increase to $125–130k, in line with analysts' consensus.
3. Long term (a few months) – forecasts indicate an increase in the range of $130–140k (and extreme scenarios reaching $200k by the end of 2025).
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🧭 In case of an investment decision ...
First, monitor the price reaction in the $116–117k range.
If the support line holds, an upward move is possible; breaking it may lead to a test of $110–112k.
Follow the development of legislation in the USA and updates regarding institutional flows – they will be key for further trends.
