Bitcoin News Today: Bitcoin Holds $114K Support as Market Cap Hits $2.34T with $43.6B Daily Volume

Bitcoin’s price action on July 26, 2025, showed resilience as the cryptocurrency traded at $117,914 per coin, maintaining a bullish bias above the critical $114,000 support level. The market capitalization reached $2.34 trillion with a 24-hour trading volume of $43.60 billion, reflecting sustained institutional and retail engagement despite broader market volatility [1]. Intraday fluctuations remained confined to a narrow range of $115,086 to $118,102, indicating a standoff between buyers and sellers at near-term resistance. Analysts noted that the price’s ability to hold above $114,000 reinforced confidence in the broader uptrend, though consolidation suggests profit-taking and cautious positioning ahead of potential breakouts.

On the daily chart, Bitcoin’s trajectory highlighted a transition from a broad uptrend into a consolidation phase following its recent peak near $123,200. A significant red volume candle on the daily chart indicated distribution activity by institutional players, signaling temporary profit-taking. The $114,000–$115,000 support zone has been tested multiple times and remains a key area to watch. Traders are monitoring this range for potential entries, with targets set toward the $120,000–$122,000 resistance level if the support holds [1]. A breakdown below $113,500, however, could trigger a deeper correction.

Shorter-term timeframes revealed mixed signals. On the 4-hour chart, Bitcoin staged a tentative V-shaped recovery after dipping to $114,518, but volume remained subdued, indicating market hesitation. The $118,000 level acts as immediate resistance, and a close above $118,500 on strong volume could drive a short-term breakout. Conversely, failure to hold this level might invite short-selling down to $116,000. Similarly, the 1-hour chart showed a micro-bottom at $114,518, sparking a rebound, but the inability to surpass the $118,509 lower high points to near-term exhaustion. Thin trading volume during consolidation underscores indecision, prompting traders to adopt tight stop-loss orders in the $117,800–$118,200 range [1].

Technical indicators provided a nuanced outlook. While oscillators like the RSI, Stochastic, CCI, ADX, and Awesome oscillator remained neutral, the momentum indicator and MACD level signaled underlying bearish pressure. This divergence suggests potential weakness not yet reflected in price action. Meanwhile, moving averages (EMAs and SMAs) across multiple timeframes maintained a bullish bias, reinforcing the longer-term upward trajectory. The 10-period EMA’s bullish turn contrasted with the 10-period SMA’s lagging bearish signal, highlighting short-term volatility amid a broader constructive structure [1].

The bullish case hinges on Bitcoin sustaining support above $114,000 and confirming a breakout above $118,500 with strong volume, which could reignite the move toward $120,000–$123,000. Conversely, a failure to reclaim $118,200 and a breakdown below $114,000 could target the $110,000 level, amplified by bearish momentum signals from the MACD and momentum indicators [1].

CoinGecko data added context, showing Bitcoin’s exchange rate against the Australian Dollar (AUD) rose 1.4% to A$179,685 per BTC on July 23, outperforming a 16.80% decline in the broader crypto market over the same period [2]. Separately, NewsBTC analysts projected a speculative target of $200,000 by December 2025, contingent on factors like regulatory clarity and macroeconomic conditions [3]. While this forecast aligns with the current technical setup, it remains aspirational and subject to external variables.

Bitcoin’s performance against the Georgian Lari (GEL) reached ₾319,501 on July 19, illustrating its expanding utility as a store of value in emerging markets [4]. However, such use cases remain niche compared to its role as a global asset class.

The market’s focus remains on Bitcoin’s ability to maintain its bullish bias above $114,000, with technical indicators and institutional activity suggesting ongoing accumulation. While forecasts of a $200,000 rally by year-end are speculative, the current price trajectory underscores the cryptocurrency’s resilience in navigating macroeconomic uncertainties and regulatory developments [1][2][3][4].

Sources:

[1] [Bitcoin Price Watch: Bullish Bias Remains Above $114K Floor](https://news.bitcoin.com/bitcoin-price-watch-bullish-bias-remains-above-114k-floor/)

[2] [BTC to AUD: Bitcoin Price in Australian Dollar](https://www.coingecko.com/en/coins/bitcoin/aud)

[3] [Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says](https://www.newsbtc.com/)

[4] [BTC to GEL: Bitcoin Price in Georgian Lari](https://www.coingecko.com/en/coins/bitcoin/gel)