The BTC/USD pair is showing promising signs of a bullish trend, with market indicators pointing towards a potential rise to the $38,000 mark. The pair has seen a 5.44% growth in the last 30 days, with a cumulative yearly gain of 6.35%. The bullish outlook, which began in June, is expected to continue into July. The Moving Average Convergence Divergence (MACD) indicator and the SuperTrend indicator both signal a buy, suggesting a sustained uptrend. The recent reclaiming of the $31,000 resistance level and the potential breach of the $32,000 level could further propel BTC towards key resistance levels at $35,000 and $38,000. However, high trader profits could lead to a cooldown. In other news, BlackRock has resubmitted its spot Bitcoin ETF proposal to the SEC, which could open the door for more institutional investors to enter the crypto market.