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BTC:

• BTC's Open Interest has remained slightly elevated over the last week or so, suggesting there is still some appetite for leverage exposure.
  
• Funding rates are subdued and remain tight at 0.00%, with a slight negative skew currently, indicating a small lean amongst traders to be short.
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This week, Bitcoin broke through $97,000, marking an 18% rebound since March’s close. This rally is partly fueled by renewed institutional interest, including increased ETF inflows and the continuation of the narrative that bitcoin is finally becoming a gold-like asset..
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[color=#000000][size=large][font=Arial]As highlighted in the previous Bitcoin analysis dated May 7, 2025, the price exhibited strong upward potential. Ultimately, buyers established a bullish cycle, reaching a new all-time high of $111,850. No explicit or convincing indication of a price decline on longer t

[color=#000000][size=large][font=Arial]The key support and resistance levels ahead for BTC/USD are as follows:
 
Third key resistance level of BTC/USD: 103000
Second key resistance level of BTC/USD: 100800
First key resistance level of BTC/USD: 99500
 
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First key support level of BTC/USD: 106500
Second key support level of BTC/USD: 108800
Third key support level of BTC/USD: 110000
 
[b]Bi

[color=#000000][size=large][font=Arial]The key support and resistance levels ahead for BTC/USD are as follows:
 
Third key resistance level of BTC/USD: 122700
Second key resistance level of BTC/USD: 120900
First key resistance level of BTC/USD: 120000
 
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First key support level of BTC/USD: 117500
Second key support level of BTC/USD: 116000
Third key support level of BTC/USD: 114600
 
 
[b]Bitco

[align=left][color=#000000]As indicated in the previous Bitcoin analysis dated July 29, 2025, the potential for a decline in the Bitcoin chart was present, which ultimately led to the designated support levels of $116,000 and $114,600 being reached.
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