Bitcoin Price Eyes $125K as $105K Support Holds Strong

Bitcoin Targets $125K With Strong Support Holding at $105K

Bitcoin  price is showing signs of recovery today, currently trading above $118,000. The market rebounded following recent volatility, which intensified after the latest Federal Open Market Committee (FOMC) meeting. Despite pressure, BTC managed to maintain key support at $105,000, giving investors renewed confidence.

The announcement by the U.S. Federal Reserve to hold interest rates at current levels even following a Q2 GDP figure that came in stronger than previously reported caused the short but sharp market reactions. At the announcement, BTC briefly dropped but soon recovered and is once more looking to push beyond the $125,000 resistance area.

Altcoins are also witnessing notable recoveries. Ethereum (ETH) rose by 1.5% and is now trading near $3,900. XRP, after a strong bounce, climbed back above $3.15, marking another day in the green.

Solana (SOL), Binance Coin (BNB), Dogecoin (DOGE), and Cardano (ADA) are also posting modest daily gains.

Bitcoin Price Eyes Surge if Key Support Holds

Crypto analyst Ali has come up with a critical support level on the price of Bitcoin implying that there is a high probability of the price to appreciate. According to his latest analysis, the $105,450 level is acting as a crucial support zone for the leading cryptocurrency. If BTC maintains this foundation, it could pave the way for a rise toward $125,230 in the near term.

The upward movements are still projected to be even larger. In case of the momentum, Bitcoins can run up to $141,770. These are inspired by the Short-Term Holder Cost Basis model, which is employed to gauge the market mood and the actions of the investors.

Ali chart

The insights of Ali are based on data given by Glassnode. The site monitors the cost basis of Bitcoin by holder group to identify zones of risks and value. The current price of Bitcoin as at July 30, 2025 was somewhere around $117,655.15 and this is in agreement with the current bull run indicators.

Whales Accumulate 30,000 BTC Amid Surge

According to Whale Alert, in the last 48 hours, large-scale investors or whales bought over 30,000 BTC. This high build-up portends an increasing interest and trust on the part of large holders as they are taking advantage of recent market changes.

Source: tweet

The number of wallets containing between 100 and 10,000 Bitcoin has substantially increased in activity, according to blockchain analytics. The rapid increase in whale holdings also correlates with significant price fluctuations, adding to the speculation that Bitcoin has begun to reach greater price levels again.

Will BTC Price Continue to Rally?

As of July 31, 2025, BTC price trades at a modest value of 118,379, with 2.50% gain intraday. Bitcoin is still consolidating around the major levels, with prices ranging between $115,000 and $120k. The price action indicates a period of indecision after an earlier move upward during the month of July.

Technical indicators show that the bullish trend is declining. The Moving average convergence divergence (MACD) is recording a convergence between MACD line and signal line. This is indicative of less bullish strength and any further set back can be experienced in case crossover happens.

Source: Tradingview

On the other hand, the Relative Strength Index (RSI) is 59. They signify a disposition that is neutral to slightly bullish and one that indicates that BTC is neither oversold nor overbought.

The levels of support are steady at $115,000. A decline of less than this level can trigger selling pressure. On the positive side, the resistance level at $120 000 and $125 000 are still intact and not broken. A blowout of over $120,000 would once again give rise to the bullish trend and cause a new surge.