Bitcoin (BTC) Price Prediction: Bitcoin Whale Activity Surges as Trump Administration Eyes Strategic Reserve—Is a Breakout Imminent?

Recent developments have reignited bullish sentiment for Bitcoin. Whale wallets are rapidly accumulating, and regulatory clarity appears closer than ever. With political tailwinds now entering the picture, Bitcoin may be poised for its next leg up.

Bitcoin Price Today: Consolidation Continues Amid Growing Accumulation and Policy Moves

Bitcoin price today remains range-bound between $116,000 and $120,000, continuing a 16-day consolidation phase following its all-time high of $123,218 earlier in July. Despite muted price movement, underlying market dynamics suggest the potential for a major breakout, fueled by a surge in whale accumulation and significant policy developments from the Trump administration.

Bitcoin (BTC) was trading at around $118,312, up 0.35% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

At the time of writing, Bitcoin trades at approximately $118,300. On-chain signals, technical patterns, and macroeconomic shifts—including strategic accumulation plans from the U.S. government—are setting the stage for Bitcoin’s next decisive move.

Market Overview: Bitcoin Technical Analysis Hints at Bullish Reversal

Bitcoin technical analysis suggests bullish momentum is building. The Relative Strength Index (RSI) currently stands at 59, trending upward, indicating increasing buyer interest without tipping into overbought territory.

A descending channel has recently been broken, with price action now retesting the breakout zone between $117,500 and $117,700. Technical analysts see this as a possible launchpad toward the key resistance zone of $120,000–$121,500. If BTC closes above $120,000 on a daily basis, it could initiate a run toward the previous all-time high of $123,218.

Bitcoin price could see a bullish continuation toward $120,500 if it holds above the $117,500 support zone, with a daily close above $120,000 confirming a macro breakout. Source: AllyPipsExpert on TradingView

“Bearish pressure is easing,” analyst AllyPipsExpert noted on TradingView in a July 31 BTC/USD 1-hour chart breakdown. “The price broke above the descending trendline, and a bullish retest is underway—a classic reversal pattern.”

If the retest fails, however, Bitcoin could fall back toward $116,000. A loss of this level may open the door to deeper retracements near $114,000.

Strategic Accumulation: Bitcoin Whale Alert and Government Moves Align

Behind the charts, whale activity is painting a bullish backdrop. According to Santiment, wallets holding between 10 and 10,000 BTC have accumulated over 218,000 BTC since late March—adding nearly 1% of the total circulating supply. These wallets now control over 68% of Bitcoin’s total supply, signaling institutional confidence and long-term positioning.

Since late March, Bitcoin wallets holding 10 to 10,000 BTC have added 218,570 BTC, now controlling 68.44% of the total supply—a 0.9% increase in holdings. Source: @ImCryptOpus via X

Adding to this momentum is the historic announcement from the Trump administration, which reconfirmed its commitment to a Strategic Bitcoin Reserve. White House digital assets chief Bo Hines said the administration still views Bitcoin as a “priority,” despite its minimal presence in the newly released 166-page digital asset policy report.

“We want as much Bitcoin as we can possibly get,” Hines stated, although he declined to disclose the U.S. government’s current holdings—estimated to be around 198,000 BTC, worth over $2.35 billion, according to Nansen.

The strategic reserve, established by Executive Order 14178 in March, marks a pivotal shift in how the U.S. approaches crypto at a national level. “Building the infrastructure takes time,” Hines added, “but we’re moving on that in short order.”

Bitcoin ETF News and Regulatory Clarity Fuel Sentiment

Bitcoin news today is also being shaped by improving regulatory clarity and growing institutional cooperation. The White House’s digital asset policy report, led by David Sacks and SEC Chairman Paul Atkins, calls for clearer guidelines around tokenized assets, stablecoins, and permissible bank activities involving blockchain technology.

Although the report had a limited immediate effect on Bitcoin’s price, it signaled an evolving and more structured approach to digital assets in the U.S.—a sentiment reinforced by JPMorgan and Coinbase’s new partnership. The two financial giants plan to directly connect bank accounts with crypto wallets starting in 2026, bypassing third-party aggregators.

This move is seen as a step toward mainstream crypto adoption, potentially increasing transaction efficiency and user trust. According to Bloomberg, “The connections between Chase bank accounts and Coinbase crypto wallets are expected to go live next year.”

Expert Insights: Bitcoin as an Inflation Hedge and Long-Term Store of Value

While short-term market conditions remain uncertain, many analysts view Bitcoin as a growing hedge against inflation and long-term monetary instability. With the U.S. Federal Reserve holding interest rates steady for the fifth consecutive time—despite political pressure—investors continue looking toward alternative assets like Bitcoin.

“The market had priced in no change from the Fed,” said FXStreet analyst Haresh Menghani. “But Bitcoin still holds support, suggesting investors are watching the inflation data and ETF decisions more closely.”

Institutional interest, growing government involvement, and macro-level trust in Bitcoin’s scarcity model all bolster the narrative of Bitcoin as a digital store of value.

BTC’s Next Move: Breakout on the Horizon?

With whales accumulating, technical indicators aligning, and institutional bridges being built, Bitcoin appears poised for its next major move. A daily close above $120,000 would likely confirm a bullish breakout, targeting the $123,218 all-time high. Conversely, a failure to hold the $116,000 support level could trigger a temporary pullback.

Bitcoin remains in a bullish wave structure despite ongoing sub-wave 4 consolidation, with a potential breakout above $120K signaling a strong swing trade opportunity toward the $130K range. Source: MarcPMarkets on TradingView

Investors are now closely watching the upcoming inflation data and SEC decisions on Bitcoin ETFs as key catalysts. Meanwhile, sentiment continues to shift toward long-term optimism.

Bitcoin is consolidating in price, but not in potential. Whale accumulation, regulatory traction, and national-level interest suggest the digital asset may be gearing up for a powerful breakout—one that could define Bitcoin’s path into the second half of 2025 and beyond.