Based on the latest data and news up to July 29, 2025, here is today's analysis of Bitcoin (BTC):
Current Price and Movement:
The current price of Bitcoin is around Rp1,931,461,433 (approximately $118,927 USD).
In the last 24 hours, the price of Bitcoin has slightly decreased by -0.08%.
Trading volume in the last 24 hours reached approximately $64.61 billion USD.
The current market capitalization of Bitcoin is around $2.37 trillion USD.
Market Sentiment and Predictions:
General Sentiment: Despite a slight correction, the overall sentiment in the Bitcoin market remains bullish, driven by investor optimism and positive developments on the global geopolitical front, such as the US-EU trade agreement.
Prediction for July 2025: Some analysts predict Bitcoin could potentially break the $120,000 level, possibly reaching between $125,000 and $131,000 or $136,000 by the end of July 2025.
Institutional Support: Institutional investor interest in Bitcoin continues to rise, with significant inflows into Bitcoin ETFs (reaching $4.5 billion throughout July). This is a crucial factor supporting the price.
Key Levels: Bitcoin briefly touched a weekly low around $115,000 but quickly recovered. There is also analysis suggesting that if the daily BTC price can break above $117,554, the daily trend could turn bullish. Strong support is around $117,032, while the nearest resistance is at $118,669–$118,800.
Factors Influencing:
Macroeconomic Conditions: US macroeconomic data such as retail sales and housing starts rebounding, along with an increase in the Consumer Sentiment Index, indicate stability that could support the crypto market. However, there are also concerns about potential inflation increases due to the 'trade war.'
Geopolitical Developments: The trade agreement between the US and EU, along with US-China talks, creates positive sentiment in the global market, which also supports Bitcoin's rise.
Whale Activity and ETFs: The activity of 'whales' (large Bitcoin holders) accumulating BTC and consistent inflows into Bitcoin ETFs indicate strong interest from institutional investors.
Volatility: The Bitcoin market remains highly volatile, with significant price fluctuations in short periods. Investors are advised to monitor key levels and trading volume developments.
Conclusion:
Although Bitcoin experienced a slight correction in the last 24 hours, overall market sentiment remains positive. Support from institutional investors through ETFs, stable macroeconomic developments, and easing global trade tensions are key driving factors. Price predictions for the end of July 2025 still indicate potential rises toward higher levels, even exceeding $120,000. However, volatility remains a concern, and it is advised to stay vigilant regarding market movements.