Bitcoin News Today: Bitcoin Consolidates Near $120K with Analysts Forecasting Potential $200K–$250K Move Amid Mixed Altcoin Signals

Generated by AI AgentCoin World
Monday, Jul 28, 2025 2:10 pm ET2min read
Aime RobotAime Summary

- Bitcoin consolidates near $120,000 with technical indicators signaling potential breakout or correction, as analyst Tom Lee forecasts $200,000–$250,000 targets within months.

- Ethereum surges above $3,745 amid record ETF inflows but faces resistance, with mixed signals for altcoins like XRP, BNB, and SOL showing varied support/resistance levels.

- S&P 500 nears 6,500 with overbought RSI risks, while the US Dollar Index struggles to hold key moving averages, influencing broader crypto market sentiment.

- Investors advised to monitor SPX and DXY for macro cues, as crypto markets remain at technical crossroads with bullish/bearish scenarios dependent on critical level breaks.

Bitcoin (BTC) faces critical junctures as its price consolidates near $120,000, with technical indicators suggesting potential for a breakout or correction. The asset’s recent dip below the 20-day simple moving average ($117,867) has triggered buying interest at lower levels, as evidenced by the long tail on candlestick charts [1]. Analyst Tom Lee, head of research at Fundstrat, forecasts BTC could reach $200,000 to $250,000 within months, representing a 25% valuation of the global gold market [2]. However, sustained selling pressure could force BTC back to $100,000 if bears reclaim control [3].

Ethereum (ETH) remains a focal point as spot exchange-traded funds register record inflows, pushing cumulative net inflows to $9.33 billion by July 28 [4]. While ETH surged above $3,745, bulls struggle to maintain higher levels. A breakdown below this threshold could target $3,423, while a rebound might propel the price toward $4,868 if $4,094 is breached [5].

Altcoins exhibit mixed signals. XRP found support at $3.10 after a pullback from $3.66, with potential for a rally to $4.86 if the 20-day SMA holds [6]. BNB reversed from $809, suggesting a bullish bias toward $1,000, though overbought RSI levels hint at near-term consolidation [7]. Solana (SOL) faces resistance at $209, with a successful breakout potentially driving the price to $260. Conversely, a drop below $176 could limit gains to a $110–$209 range [8].

The S&P 500 Index (SPX) inches closer to 6,500, supported by upsloping moving averages. However, an overbought RSI raises risks of a near-term pullback. A rebound off the 20-day SMA (6,283) would reinforce bullish sentiment, while a drop below the 50-day SMA (6,099) could signal a deeper correction [9].

The US Dollar Index (DXY) struggles to sustain above the 50-day SMA (97.68), with bulls aiming for 102 and bears targeting 96.37. A decisive move above 97.68 could push DXY toward 100.54, but failure to hold above this level risks a test of key support [10].

Smaller cryptocurrencies show varied trajectories. Dogecoin (DOGE) faces resistance near $0.26, with a break above $0.29 potentially driving it to $0.44 [11]. Cardano (ADA) remains in a bullish phase if $0.86 is cleared, targeting $1.17 [12]. Hyperliquid (HYPE) rebounds from $45.06, with sellers expected to defend the $50 level [13].

The analysis underscores a market at a technical crossroads, with Bitcoin and Ethereum pivotal to broader crypto sentiment. While bullish scenarios hinge on key resistance breaks, bearish risks loom if critical support levels fail. Investors are advised to monitor

SPX
and DXY for macroeconomic cues influencing asset allocation.

Source: [1] [title1Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url1https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [2] [title2Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url2https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [3] [title3Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url3https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [4] [title4Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url4https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [5] [title5Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url5https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [6] [title6Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url6https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [7] [title7Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url7https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [8] [title8Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url8https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [9] [title9Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url9https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [10] [title10Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url10https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [11] [title11Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url11https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [12] [title12Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url12https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype] [13] [title13Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE] [url13https://cointelegraph.com/news/price-predictions-7-28-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype]

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