Bitcoin News Today: Bitcoin Hovers Near $120,000 As Market Awaits Fed Policy Signals

Generated by AI AgentCoin World
Wednesday, Jul 30, 2025 5:32 pm ET2min read
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Aime RobotAime Summary

- Bitcoin hovers near $120,000 resistance, with analysts predicting potential breakout to $135,000 or correction toward $100,000.

- Ethereum shows resilience above $3,745, while Binance Coin tests $794 support and Solana approaches $178 moving average.

- Market focus shifts to Fed policy signals amid heightened altcoin speculation, with ETH futures volume surpassing BTC's.

- Dogecoin, Cardano, and Stellar face critical support levels, while Sui's $4.30 resistance remains contested by bears.

Bitcoin (BTC) continues to trade within a consolidation range near the $120,000 resistance level, indicating potential for a breakout amid sustained buying interest. Analysts suggest that a move above this level could drive BTC toward new all-time highs, with a target of $135,000, while a breakdown below $115,000 may see further correction toward $110,530 and possibly $100,000 [1]. The broader market context includes anticipation for the upcoming FOMC minutes and Federal Reserve rate decisions, which could influence price volatility [1].

Ethereum (ETH) is showing resilience above a critical breakout point at $3,745. A rebound from this level could push ETH toward $4,094 and potentially as high as $4,868. A breakdown, however, could send the price toward the 20-day moving average at $3,516, seen as a key support zone [1]. Data from Glassnode also shows that ETH's perpetual futures trading volume has surpassed BTC's, indicating a shift in speculative interest toward altcoins [1].

Binance Coin (BNB) has retraced to a key support level at $794. A strong bounce could see it test its all-time high near $861, with potential to push further to $900. If it fails to hold at $794, BNB may retreat to the 20-day SMA at $751 [1].

Solana (SOL) is currently testing the 20-day SMA around $178, a likely support level. A successful rebound could see the price move toward $209 and possibly as high as $240. A breakdown below the SMA may lead to a retesting of the $110 support [1].

Dogecoin (DOGE) has faced downward pressure following a breach of the 20-day SMA at $0.22. Support at $0.21 is critical for buyers. A strong rebound above this level could see DOGE head toward $0.26 and beyond, while a breakdown below $0.21 may extend the range between $0.14 and $0.29 [1].

Cardano (ADA) has slipped below the 20-day SMA at $0.79, signaling bearish momentum. If the price continues to decline, it may fall to $0.73 or even $0.67. A breakout back above the 20-day SMA would be a bullish sign, with resistance at $0.86 as a key target [1].

Hyperliquid (HYPE) is currently trading between the support trendline of an ascending channel and the 20-day SMA at $45.13. A breakdown below this level may trigger a correction toward $36 or even $32. A reversal above the SMA could push HYPE toward $48–$49.87 [1].

Stellar (XLM) has fallen below the 20-day SMA at $0.44, with bears defending this level on a retest. A breakdown below $0.40 may send XLM toward $0.37 and $0.34. A strong move above $0.46 could test $0.52 and eventually reach $0.64 [1].

Sui (SUI) briefly broke through $4.30 but quickly reversed, suggesting a potential bull trap. The price remains below the 20-day SMA at $3.85, with support between $3.51 and the 50-day SMA at $3.27. If this support holds, SUI could trade in a range before attempting a move above $4.30 toward $5 [1].

The analysis reflects the current technical landscape, with traders closely monitoring key resistance and support levels ahead of potentially market-moving macroeconomic events. As always, this is for informational purposes only and does not constitute investment advice [1].

Source: [1] Price Predictions July 30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI (https://coinmarketcap.com/community/articles/688a8d95bcf80b1dc7347cb7/)