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Home » Bitcoin will target a 132k milestone after defending its $118,000 support.
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Bitcoin will target a 132k milestone after defending its $118,000 support.

Vickie HelmBy Vickie HelmJuly 27, 2025No Comments6 Mins Read
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Bitcoin Will Target A 132k Milestone After Defending Its $118,000
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Despite the recent choppy market, Bitcoin has remained stable at over $118,000 and is currently trading at $118,204.60. Is this the best code to buy now as another Bull Run market gear?

That’s what speculators tend to think. BTC ruled out the sales pressures and minor pullbacks they witnessed last week. Your next goal could be somewhere between $127,000 and $132,000. However, caution must be paid, as the crypto market is known to make a sudden 180-degree turn.

(btcusd)

Investors are looking carefully at BTC and guessing whether BTC has another breakout moment or buckle under volatility.

My analysis shows that during the 2020 Fed rate cut, Bitcoin prices rose by around 50% over the next six months, while Ethereum prices rose by around 30%.

– Juan Jose Francisco (🔆)(✧ᴗ✧)(@jjframac) July 27, 2025

For those interested in investing, the mantra is to wait for a good breakout before placing a bet on the Crypto King.

Global M2 Money Supply has reached ATH. Is Bitcoin the best code to buy now?

With global M2 money supply reaching an all-time high, many on X and Reddit are discussing the broader concept of crypto-bull runs. As a broader measure of liquidity, M2 includes physical currency, current account balances, savings and deposits, money market instruments and other near-speed assets.

M1 measures money in a transaction strictly, while M2 scopes money that is readily available for investment and therefore serves as a key indicator of global liquidity and inflationary pressures.

The current increased M2 is directly correlated with new government stimulus efforts and liquidity injections, including quantitative mitigation programs.

A quick look at historical data reveals a clear link between M2 growth and climbing asset prices, with demand for excessive liquidity drives between stocks, real estate and crypto.

💥 Global M2 Money Supply has been a hit with a new ATH!

Ignore the noise. Follow the liquidity.

This is bullish for #bitcoin and crypto. pic.twitter.com/D72GHSG6G6

– Crypto Auris (@crypto_auris) July 26, 2025

BTC historically has a strong correlation ranging from 0.65 to 0.89, with M2 expansion, and often follows fluidity shifts for 12 to 90 days. This indicates that as Fiat’s purchasing power decreases, investors’ demand rises against rare inflation-resistant assets such as BTC.

When appropriate, the pandemic era stimulus supported 25% of global M2 surges between 2020 and 2021. This coincided with the rise in BTC between $10,000 and nearly $69,000, highlighting how fixed supply assets attract speculative capital when they oppose liquidity overflow.

https://www.bitcoinmagazinepro.com/charts/global-liquidity/

sauce

The M2’s latest spikes have speculators circling the $150,000 mark as the next potential BTC bull target.

Explore: Best New Cryptocurrencies to Invest in 2025

9 hours ago

Pudgy Penguins refuses to acquire Opensia

Arijit Mukherjee

by Arijit Mukherjee

On social media, speculation was raging that users claimed that Pudgy Penguins had acquired NFT Marketplace Opensea. This came after X users unearthed an October 2024 post. There, CEO Luca Netz shared his intention to buy Opensea.

Community members speculated that there could have been a behind-the-scenes deal as early as December 2024 due to the acquisition of Opensea.

On July 26, 2025, Beau, security officer at Pudgy Penguins, was forced onto the story via X’s post, stating, “Pudgy Penguins didn’t buy Opensea… cold.”

He added, “Please talk about Lufthansa’s partnership with NASCAR and try and go and find the next great brand.”

I think there’s more to emphasize that what’s going on is confirmed in the Bull Post!

I don’t think it actually means a lot to us to get an OS RN.

– Beau (@beausecurity) July 26, 2025

The entertainment company has increased the brand’s presence through a recent collaboration between NASCAR and Lufthansa. Additionally, with the launch of Pengu Clash, a skill-based mini-game built on the Ton (Open Network) blockchain, it has challenged Web3 games.

Explore: 9+ Best High Risk, High Reward Crypto Buy in July 2025

9 hours ago

Gallup survey shows that there are no crypto takers in the US

Arijit Mukherjee

by Arijit Mukherjee

According to a June 2025 survey by Gallup issued on July 22, 2025, only 14% of US adults own cryptocurrencies, while 60% have no intention of purchasing. Since 2021, there has been an increase in the Asset class. However, it remains a fringe investment for the majority, and has obstacles to its risk awareness and low understanding.

📢Gallup Survey: 14% of US adults own cryptocurrency, and 60% of those surveyed rarely buy https://t.co/verslo8ip News. Ownership of digital assets is rising…

– Mlion Crypto News (@MlionNews) July 27, 2025

Cryptocurrency is highest among men under the age of 50, with one in four reporting crypto investments. Additionally, higher adoption is seen among university graduates, upper-income earners and political conservatives.

However, it’s not just about interest, as 4% of Americans are planning their most recent investments.

Furthermore, among traditional investors, such as adults with at least $10,000 in financial assets, crypto ownership increased from 6% in 2021 to 17%, with 64% claiming they would never invest in Crypto.

Explore: Top Solanamime Coins to buy in July 2025

10 hours ago

ETH or BTC: Who is dominating the Crypto chart this week?

Arijit Mukherjee

by Arijit Mukherjee

The crypto market has been pretty bullish this week, pushing total capitalization to $3.82 trillion. The fear and greedy index also highlights greedy driven trading as most assets flush green.

BTC saw a modest move, closing out about $117,400 at the beginning of the week of July 21, 2025, and currently at $118,256, marking only a small profit in a week.

However, on July 22-23, 2025, it fell to a low of $115,000 on July 25, 2025, after BTC touched $120.200.

Ethereum (ETH) has been attracting a lot of attention, surged 50% over the past month, approaching the height of January. Companies are increasingly adding ETH to their balance sheets, with some analysts predicting a break above $4,000 could lead to major price discoveries and agency demand pic.twitter.com/i3lxdmurkp.

– S. prommalaphanunnt (@zineiiz00) July 27, 2025

ETH has improved, rising 9% earlier in the week to $3.85,000, returning to $3.75,000, marking a 5% net profit. The surge coincided with an increase in US spot Ethereum ETF inflow and increased institutional demand, driving ETH to a seven-month high.

Exploration: Next 1000x Ciphers: 10+ Ciphers tokens that can hit 1000x in 2025

Post Bitcoin aims to a $132,000 milestone after defending 118K support as M2 Money Supply first appeared in 99 Bitcoin.

132k Bitcoin defending milestone support target
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Vickie Helm

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