Bitcoin (BTC) has been trading relatively range-bound in the past few days but has still delivered a 22% gain since the year started.
The top crypto has made a new all-time high upon hitting the $123,000 threshold and has retreated since then to around $115,000.
Last week brought a flood of economic data that the market seems to be still digesting. This included the Fed’s decision to keep rates unchanged as expected, a higher-than-expected quarter-on-quarter GDP increase during the second quarter of 2025, and a 10 basis points jump in the PCE Price Index compared to analysts’ estimates.
This macro environment supports a bullish Bitcoin price prediction as the U.S. dollar has weakened and may continue to decline as President Trump keeps firing up new tariff threats every day.
Supportive legislation like the Genius Act is also positive for Bitcoin as a long-term investment as more money will likely flow to the crypto ecosystem as new decentralized applications powered by stablecoins will make it easier for retail investors to enter the space.
Open interest in Bitcoin futures is still quite high despite the latest retreat, with an average of $79 billion in outstanding contracts at the time of writing. Although this is around $10 billion lower than the latest peak at $89 billion, it means that traders’ interest and exposure to the token remain quite high.
Bullish sentiment prevails despite the threat that higher tariffs pose to the global economy and the 4-hour chart for Bitcoin shows that the price has reacted positively to the latest news.
Investors may turn to BTC at a point when the U.S. dollar’s outlook is a bit uncertain. The price has bounced strongly off the $115,000 level during the American session’s opening. This is good news as the top crypto has now recaptured a key level that acted as support previously.
BTC Climbs Above $115K as Bulls Take Back Control
The latest price action has also formed a trend line that could act as support if BTC experiences further declines.
If BTC rises above $116,000, we could expect a move toward the $120K area shortly, which would mark the end of this recent pullback.
The Relative Strength Index (RSI) in this lower time frame has been steadily rising and has surpassed the mid-line and the 14-day moving average already. These are positive signals that show that the uptrend is gaining steam.
The 9-period and 21-period exponential moving averages (EMAs) are getting closer to the 200-period EMA. A ‘golden cross’ would confirm a bullish outlook and could anticipate some interest gains for BTC ahead.
Meanwhile, one of the most promising BTC-linked crypto presales of the year, Bitcoin Hyper (HYPER) has raised $7 million in just a month and a half as this project will leverage the power of the Solana blockchain to kickstart a new era for BTCFi.
Bitcoin Hyper (HYPER) Will Allow BTC Holders to Earn Passive Income via DeFi Apps
Bitcoin Hyper (HYPER) is a crypto protocol that will expand Bitcoin’s DeFi ecosystem with the help of the more efficient and scalable Solana blockchain.
Through the Hyper Bridge, users will be able to send BTC tokens safely to a designated wallet in the Bitcoin network and receive the corresponding amount of tokens in the Hyper L2 to access DeFi apps.
They will be able to generate passive income out of their Bitcoin investment via staking, yield farming, lending, and more.
Once top wallets and exchanges start to embrace Bitcoin Hyper, the demand for $HYPER will skyrocket. Early buyers who took advantage of the token’s discounted presale price will reap the highest returns.
To buy $HYPER, simply visit the Bitcoin Hyper website and connect your wallet. You can either swap USDT, ETH, or SOL, or use a bank card to invest.
