Technical analysis by HCN-News12 about Symbol BTC on 7/28/2025

As Bitcoin enters the final trading week of July 2025, global markets are responding to what many are calling the “biggest trade deal ever”—a multilateral digital finance agreement between the United States, the European Union, and five Asia-Pacific countries. While the implications are far-reaching for global payments, the spotlight remains squarely on Bitcoin, which has now firmly reclaimed the $120,000 level. Here are five key developments shaping Bitcoin’s trajectory this week: 1. Digital Trade Pact Signals Institutional Legitimacy The newly signed agreement includes provisions for cross-border tokenized settlement, streamlined regulations for digital asset custodians, and recognition of Bitcoin as a “monetizable asset class” in interbank systems. While CBDCs and stablecoins will be used in formal settlements, the framework opens the door for Bitcoin to function as reserve collateral. “This is the first time sovereign regulators have embedded Bitcoin into a multilateral economic framework,” said Janice Harlow, senior strategist at Beacon Global. 2. ETF Inflows Return After Brief Slowdown After a two-week lull, Bitcoin spot ETFs have seen renewed demand, with $850 million in net inflows over the past five trading sessions. The iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led inflows, signaling re-accumulation by institutional buyers. Derivatives data from CME suggests traders are positioning for upside, with call options volume outpacing puts at a 2.3:1 ratio. 3. Hash Rate Hits All-Time High Bitcoin’s hash rate has climbed to a new record high, exceeding 640 EH/s, indicating miner confidence and long-term investment in infrastructure. This surge comes despite the recent halving, which slashed block rewards and pressured weaker miners. The increasing energy commitment suggests miners are betting on future price appreciation and institutional demand stability. 4. Whale Activity Accelerates On-chain analytics from Glassnode show a sharp uptick in accumulation by wallets holding over 10,000 BTC. Approximately $2.1 billion in BTC has been withdrawn from exchanges in the past week, pointing to strong conviction among whales and high-net-worth investors. “This looks less like speculation and more like positioning ahead of structural shifts,” noted Rishi Kulkarni, managing partner at TitanBay Capital. 5. Technical Indicators Flash Bullish Bitcoin has reclaimed its 50-day and 200-day moving averages, and RSI (Relative Strength Index) remains in neutral territory at 56—suggesting room for further upside without overheating. With the $128,000 resistance level in sight, many analysts believe a breakout to $140,000 is plausible in August, barring macroeconomic shocks. Final Thoughts With regulatory breakthroughs, strong on-chain data, institutional accumulation, and miner alignment, this week’s developments may mark a turning point in Bitcoin’s evolution from speculative asset to globally integrated infrastructure. Whether the “biggest trade deal ever” delivers on its promise remains to be seen—but for Bitcoin, the direction appears clear: up and institutional.