Bitcoin News Today: Bitcoin Holds Key Support as Analysts Predict 14% Rally on Strong Open Interest and Macro Trends

Bitcoin’s price has remained resilient near critical support levels, sparking renewed optimism among analysts who forecast potential all-time highs in the near term. Key technical indicators and macroeconomic trends have drawn attention to the cryptocurrency’s performance as it navigates a mix of bullish and bearish pressures.

Michaël van de Poppe, a prominent crypto trader, highlighted that Bitcoin (BTC) holding above $116,800 could catalyze a surge toward record levels within the week. This assertion aligns with recent price action, as Bitcoin retested the $115,000–$116,000 neckline on July 26, 2025, following a breakout above $113,000. The sustained bullish momentum suggests that buyers remain aggressive in defending key psychological thresholds [1]. Meanwhile, derivatives markets have shown robust participation, with open interest in Bitcoin derivatives hitting a record $44.5 billion as the price approached $117,000 [2]. This surge in open interest underscores growing conviction among traders and investors.

The correlation between Bitcoin’s price and global monetary expansion has also gained traction. Global M2 money supply, a broad measure of liquidity, reached an all-time high of $95,209 trillion on July 23, 2025 [3]. Analysts point to historical patterns where Bitcoin’s price surges coincided with significant M2 expansions, such as those observed in 2013, 2017, and 2021. Raoul Pal, a macroeconomic investor, has emphasized that rising global liquidity accounts for up to 90% of Bitcoin’s price movements, reinforcing the asset’s role as a beneficiary of loose monetary conditions [3]. While Bitcoin has experienced a 2.2% drop in the past 24 hours, the broader trend remains supportive, with some experts suggesting the current weakness may be temporary [3].

Predictions for Bitcoin’s future trajectory vary, but many analysts have set ambitious price targets. Two widely followed traders anticipate Bitcoin could reach as high as $300,000 in the coming months [4]. More conservative forecasts include year-end targets of $225,000 from HC Wainwright and $250,000 from Tom Lee of Fundstrat, both citing macroeconomic factors such as expected Federal Reserve interest rate cuts [3]. Robert Kiyosaki, author of Rich Dad, Poor Dad, has also projected a range of $180,000 to $200,000 for 2025 [3]. These forecasts contrast with short-term volatility, as Bitcoin recently dipped below $116,000, triggering $585 million in liquidations. However, analysts continue to maintain bullish outlooks, with some eyeing a $200,000 target [5].

Technical analysts have further reinforced optimism, with one predicting a 14% rally by year-end as Bitcoin hovered near $117,000 [6]. The cryptocurrency’s ability to retest and hold key support levels, combined with record derivatives activity and macroeconomic tailwinds, has created a favorable environment for further gains. Despite periodic corrections, the underlying momentum appears intact, with many observers viewing current fluctuations as part of a broader bullish cycle.

The convergence of technical strength, rising liquidity, and expert projections highlights Bitcoin’s positioning as both a speculative and macroeconomic asset. Whether it reaches a new all-time high will depend on the interplay of market sentiment, regulatory developments, and broader economic conditions in the coming months.

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Source: [1] [Bitcoin Holds Key Support - Analysts Predict New All-Time Highs Ahead] [https://coindoo.com/bitcoin-holds-key-support-analysts-predict-new-all-time-highs-ahead/]

[2] [Bitcoin Nears $117000 as Open Interest Hits Record $44.5B] [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-nears-117-000-open-interest-hits-record-44-5b-suggesting-bullish-breakout-2507/]

[3] [Market Braces for a New Bitcoin All-time High as Global M2 Reaches Record High] [https://thecryptobasic.com/2025/07/25/market-braces-for-a-new-bitcoin-all-time-high-as-global-m2-reaches-record-high/]

[4] [Bitcoin to $300000? Traders warn of massive surge before ...] [https://m.economictimes.com/news/international/us/bitcoin-price-prediction-2025-bitcoin-to-300000-traders-warn-of-massive-surge-before-next-great-depression-hits/articleshow/122927734.cms]

[5] [Bitcoin (BTC) Price: Market Correction Triggers Massive Liquidations] [https://coincentral.com/bitcoin-btc-price-market-correction-triggers-massive-liquidations-as-analysts-eye-200k-target/]

[6] [Bitcoin's latest jump to record highs sets it up for another 14% rally] [https://www.aol.com/bitcoins-latest-jump-record-highs-160021956.html]