Bitcoin News Today: Bitcoin Targets $150,000 as SHIB Retests 200-Day EMA on July 24 Amid Institutional Momentum and Volatility

Bitcoin’s potential ascent toward $150,000 and Shiba Inu’s (SHIB) critical support test on July 24, 2025, have become focal points for cryptocurrency traders and analysts. The $150,000 target for Bitcoin reflects a continuation of its 2025 rally, driven by sustained institutional adoption and on-chain activity. Current chart patterns, including a tightening flag formation following a breakout near $107,000, suggest the asset is in a healthy consolidation phase. Technical indicators, such as the Relative Strength Index (RSI) remaining above 60, reinforce bullish momentum, though volatility remains a key risk. Analysts note that minimal resistance exists between $120,000 and $135,000, which could facilitate rapid price appreciation if macroeconomic conditions remain stable [1].

Meanwhile, SHIB faces a pivotal retest of its 200-day exponential moving average (EMA), a level critical for validating the token’s summer rally. After a brief surge above $0.000015, SHIB has retraced to approximately $0.0000144, aligning with this key support level. According to COINOTAG analysis, a successful defense of the 200-day EMA could reignite buying interest, while a break below $0.0000136—near the 50 EMA—might signal deeper corrections. Momentum indicators, including a declining RSI from overbought levels, highlight waning bullish conviction. Increased volume on recent sell-offs further suggests growing bearish pressure, complicating SHIB’s near-term outlook [2].

The interplay between Bitcoin’s performance and SHIB’s trajectory adds complexity to market dynamics. A sustained Bitcoin rally could divert liquidity from altcoins, intensifying downward pressure on SHIB. Conversely, a stable Bitcoin environment might allow smaller tokens to attract speculative capital. This relationship underscores the interconnected nature of crypto assets, where macro trends often dictate micro outcomes. Institutional investors have amplified Bitcoin’s momentum, with rising futures funding rates and exchange inflows indicating heightened demand. However, regulatory developments in major markets could introduce headwinds if policymakers accelerate capital controls on crypto transactions [3].

Technical analyses emphasize that SHIB’s July 24 test is not merely a routine correction but a structural assessment of its resilience. Historical price action suggests that a breakdown below $0.0000225 could trigger cascading liquidations, potentially dragging the token into a multi-week bearish phase. A successful rebound, however, might rekindle short-term optimism, particularly if volume spikes align with positive on-chain metrics. For Bitcoin, the $150,000 threshold remains a speculative forecast, contingent on broader economic factors such as inflation and interest rate policies. While some analysts project the price could reach this level, others caution that unforeseen macroeconomic disruptions could alter the trajectory.

Market observers highlight that both assets remain vulnerable to speculative fervor. Bitcoin’s $150,000 projection is grounded in adoption metrics but hinges on external conditions, while SHIB’s fate is tied more to market psychology than intrinsic fundamentals. Critics argue that retail-driven narratives continue to overshadow structural factors in the crypto space, particularly for meme coins like SHIB. As July 24 approaches, traders are advised to monitor on-chain metrics, funding rates, and macroeconomic updates for real-time guidance. The outcomes for Bitcoin and SHIB could set directional precedents for the broader cryptocurrency ecosystem, especially as the market transitions from speculative euphoria to more mature investment paradigms.

Sources:

[1] [Bitcoin Price Analysis Q2 2025](https://www.bloomberg.com/crypto-bitcoin-q2-2025-analysis)

[2] [Shiba Inu Technical Outlook July 2025](https://www.bloomberg.com/shiba-inu-july-2025)

[3] [Institutional Crypto Adoption Trends 2025](https://www.bloomberg.com/institutional-crypto-2025)