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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Just shy of the $4,891 ATH—think it breaks through?
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re
Recently, the price movement of Bitcoin has shown a strong rise, and after breaking through the phase high, it is not far from the historical highest price. However, when approaching $4788, it encountered resistance, leading to a short-term adjustment phase.
It is worth noting that during this pullback, the bulls showed excellent support. The key $4400 support level was never breached, preventing further price movement downwards. From the current market structure, if Bitcoin can hold steady around $4600, the previous pump trend is likely to continue.
From an investment strategy perspective, one might consider establishing a long position around $4550. The short-term target could focus on the vicinity of $4700; if it can break through and stabilize above this level, then the next important threshold of $5000 may become the new target.
Overall, the Bitcoin market is currently showing positive signals. Despite a brief pullback, strong support and potential upward space provide opportunities for investors. However, investors should also remain cautious, closely monitor market changes, and manage risks effectively.