Bitcoin News Today: Bitcoin Surpasses $112K Resistance, Posts 20% 90-Day Rally Amid 35% Volume, 45% Buyer Surge

Generated by AI AgentCoin World
Monday, Jul 28, 2025 4:12 am ET1min read
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Aime RobotAime Summary

- Bitcoin breaks above $112,000 resistance, forming a Cup and Handle pattern projecting $148,000 as a potential target.

- On-chain data shows 35% higher trading volume and 45% increased buyer participation, confirming sustained bullish momentum.

- Institutional/retail inflows of $82B and 62% Bitcoin dominance reinforce accumulation, with $130,000-$150,000 as next key targets.

- Analysts warn $110,000 remains critical support; breakdown could trigger a retest of $104,000 or $90,000 levels.

Bitcoin has maintained strong upward momentum following a significant breakout above the $112,000 resistance level, signaling potential for further gains. The price closed above this key threshold for the first time in months, reinforcing a bullish trend marked by a 20% increase over the past 90 days. On-chain data highlights a 35% surge in trading volume and a 45% rise in buyer participation, underscoring robust demand. The asset is currently consolidating above the former resistance level, now acting as support, with analysts identifying a Cup and Handle pattern that projects a target of $148,000 [1].

The breakout aligns with historical technical indicators, including the inverse head and shoulders pattern, which typically precedes a trend reversal. Bitcoin’s current position near $116,000 suggests it is testing the $110,000–$112,000 range again, a critical area for validating the continuation of the bullish case. If the price remains above $112,000, the next immediate targets are $130,000 and $150,000. However, a decline below this level could trigger a retest of $104,000 or $90,000 support zones [2].

Market dynamics further support the upward trajectory. Bitcoin’s dominance has risen to over 62%, reflecting a shift in capital away from altcoins. Institutional and retail inflows of $82 billion in recent sessions highlight growing participation, with on-chain metrics indicating sustained accumulation. The tightening wedge pattern observed during consolidation has drawn comparisons to past breakout scenarios, suggesting a decisive move above $122,000 could accelerate gains toward $140,000 [3].

While the technical outlook is favorable, external factors remain a consideration. Retail investor behavior, particularly a 106% price surge attributed to speculative momentum, underscores the influence of market psychology. Analysts caution that macroeconomic developments, such as U.S.-China tariff discussions, could reintroduce volatility. Nonetheless, the asset’s resilience—demonstrated by its recovery to $117,000 during a bearish week in July—highlights its durability in volatile conditions [4].

In Kenya, Bitcoin’s value rose 1.35% to KES 15.24 million, with forecasts predicting short-term gains to KES 16–17 million if current momentum persists. The convergence of on-chain strength, institutional buying, and favorable technical patterns suggests the rally is far from over. However, traders must monitor key levels, as a breakdown below $110,000 could invalidate the bullish case and initiate a downward correction.

Source:

[1] [Coindoo] [https://coindoo.com/bitcoin-may-be-entering-final-rally-phase-historical-data-shows/]

[2] [AInvest] [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-nears-122k-breakout-82b-inflows-fuel-bullish-momentum-tightening-wedge-pattern-2507/]

[3] [Mitrade] [https://www.mitrade.com/insights/news/live-news/article-3-990515-20250728]

[4] [TradingView] [https://www.tradingview.com/news/newsbtc:cb277508d094b:0-bitcoin-price-holds-above-115-000-here-s-why-this-level-is-significant/]