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The Bitcoin price edged down by over 1% in the past 24 hours to trade at $115,943 as of 1:29 a.m. EST, with trading volume rising 58% to $70.8 billion.
This slight drop in the BTC price comes even as Michael Saylor’s Strategy, a business intelligence firm-turned-Bitcoin treasury, announced an increase in its preferred stock offering to $2 billion as a means to add more BTC to its hoard.
🇺🇸 MICROSTRATEGY JUST ANNOUNCED TO RAISE $2,000,000,000 TO BUY MORE #BITCOIN
HERE WE GO!!! pic.twitter.com/OiETKq508o
— Vivek Sen⚡️ (@Vivek4real_) July 24, 2025
Strategy remains the largest corporate holder of Bitcoin by a wide margin, having 917,599 BTC in total. All public companies combined hold 918,108 BTC, with Strategy alone accounting for 66% of the total, according to BitcoinTreasuries data.
With firms continuously adding Bitcoin treasuries to their financial plans, can the price of BTC recover?
Bitcoin Price Eyes New Highs As Bulls Defend Key Support Levels
The BTC price has been trending within a well-defined rising channel since April 2025, which shows a strong bullish trajectory.
The Bitcoin price recently peaked at around $123,336 before pulling back slightly, currently trading near $115,943.
This pullback appears to be testing the channel’s midline support, suggesting the uptrend remains structurally intact.
Meanwhile, the 50-day Simple Moving Average (SMA) at $110,240 is sloping upward and sits comfortably above the 200-day SMA at $98,175, confirming a golden cross at $93,616, which underpins the broader bullish trend, as GeckoTerminal data shows.
The Relative Strength Index (RSI) is at 53.55, indicating neutral momentum, neither overbought nor oversold, which could support further upward movement if buying resumes.
According to the current price outlook, the price of Bitcoin is likely to maintain its bullish structure.
If BTC holds above the $115,000 area and the lower trendline of the channel, a retest of the recent high at $123,336 is probable. A breakout above this level could open the path toward $130,000.
Conversely, a sustained break below $110,000 would raise caution. In such a scenario, the 0.5 Fibonacci level at $105,663 acts as a cushion against downward pressure.
At the same time, the CoinMarketCap Altcoin Season Index indicates a sharp decline in altcoin momentum, with a noticeable shift in favor of Bitcoin. This trend suggests that investor capital may be rotating back into the Bitcoin market.
Meanwhile, investors are piling into a new BTC-themed crypto called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Racing Towards The $5 Million Mark – Buy And Stake For 204% Staking APY
Bitcoin Hyper is billing itself as the first true layer-2 solution for Bitcoin.
There are already projects like the Lightning Network that handle payments, but Bitcoin Hyper is taking things one step further by bringing smart contracts and DeFi to the Bitcoin blockchain for the first time.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Investors are betting big on the idea, having pumped over $4.81 million into the project’s presale. Additionally, if you buy and stake now, you could unlock a 204% annual percentage yield (APY). However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.0124 each using crypto or a bank card.
Buy before the next presale price increase in about 31 hours.
Visit the Bitcoin Hyper website.
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