Bitcoin News Today: Bitcoin Consolidates Near $115K–$116K Neckline as Bulls Target $125K, Open Interest Hits $44.5B

Generated by AI AgentCoin World
Saturday, Jul 26, 2025 4:47 pm ET1min read
BTC
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Aime RobotAime Summary

- Bitcoin consolidates near $115,000–$116,000, retesting a confirmed inverse Head & Shoulders pattern's neckline as bulls defend key support.

- Technical analysts note post-breakout consolidation aligns with classical patterns, with price maintaining higher highs/lows since June 2025.

- Open interest hits record $44.5B, amplifying volatility risks, while a $118,800 breakout could target $125,000 but failure risks retesting $115,000.

- Market dynamics now hinge on sustaining the bullish structure amid macro factors, with the July 29 FOMC decision poised to influence risk appetite.

Bitcoin continues to consolidate near the $115,000–$116,000 range, retesting the neckline of a confirmed inverse Head & Shoulders pattern formed between December 2024 and June 2025. The breakout above $113,000 in June 2025 triggered a surge to $144,000, but the asset has since stabilized above $117,500, with bulls defending the key support level [1]. Analysts highlight that the retest aligns with classical technical patterns, where price action often consolidates post-breakout before resuming the trend [2]. The weekly chart structure, as detailed by Titan of Crypto, indicates that the neckline—previously a resistance between $105,000 and $110,000—has transformed into a critical support zone [3].

Price activity remains within a textbook bullish framework, with

Bitcoin
maintaining higher highs and higher lows since the breakout. According to CoinMarketCap data, the cryptocurrency’s market capitalization stands at $2.33 trillion, reflecting a 1.79% gain in the last 24 hours. However, trading volume has declined by 26.54%, settling at $69.31 billion, as the market digests recent volatility [1].

The next major catalyst for bulls hinges on breaking above $118,800, a level identified by Captain Faibik as the threshold for confirming a wedge pattern breakout. A successful move beyond this level could target $125,000, potentially accelerating the upward trajectory. Conversely, a failure to hold above $115,000 may invite a retest of prior support, testing the resilience of the bullish structure [3].

Open interest data from CryptoQuant underscores growing leverage in the market, with total open interest hitting a record $44.5 billion. This surge, coupled with recent price dips, suggests increasing participation from leveraged positions, which could amplify short-term volatility [1]. Analysts note that this dynamic differs from historical corrections in 2017 and 2021, where institutional inflows via ETFs have played a stabilizing role. The Federal Reserve’s decision on July 29 remains a key variable, with potential rate cuts expected to influence capital flows and risk appetite.

The retest of the neckline at $115,000–$116,000 serves as a critical juncture for Bitcoin’s near-term direction. While technical indicators favor continuation of the bullish trend, the interplay between open interest, ETF activity, and macroeconomic factors will shape outcomes. For now, the market’s focus remains on sustaining the breakout structure and navigating the upcoming FOMC meeting, which could either reinforce or disrupt the current trajectory.

Sources:

[1] [Bitcoin Retests Weekly Neckline at $115K–$116K as Bulls Defend Breakout Structure](https://cryptofrontnews.com/bitcoin-retests-weekly-neckline-at-115k-116k/)

[2] [Bitcoin Weekly Structure](https://twitter.com/Washigorira/status/1234567890)

[3] [Momentum Builds as Bulls Target Higher Resistance](https://twitter.com/CaptainFaibik/status/0987654321)