Bitcoin Update - July 28, 2025

Bitcoin closed weekly at 119,786 above the support range 115,726 – 118,492, which keeps the positive outlook.

■ Current Situation:

The price is currently moving above the support 115,726 – 118,492, and if it stays above, it will retest the resistance at 121,360 – 122,763 at the current peak.

In case of breaking above 122,763 and staying above it, a move towards the next resistance at 132,000 is expected, then 157,000, God willing.

However, if it fails to stay above 115,726 – 118,492, the price may attempt to test the next support level at 111,844.

■ Initial Targets:

First target: 122,763 (+3.1%)

Medium target: 132,000 (+10.9%)

Long-term target: 157,000 (+31.9%)

■ Current Supports:

(115,726 – 118,492) (−2.8% to −0.4%)

(111,844) (−6.0%)

■ Summary:

The price is still moving in an upward direction and maintains important support.

Staying above the current support area will support the continuation of the rise.

Breaking the support may drive the price to retest lower levels.