📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The Bitcoin price has retreated after reaching a historical high, primarily due to some investors choosing to take profits. Nevertheless, the overall trend remains bullish. From a Technical Analysis perspective, the Bitcoin price is still operating within an ascending channel, with short-term moving averages providing support.
In the upcoming trading, investors should pay close attention to the important psychological level of $120,000. If the price can stabilize at this level, Bitcoin is likely to continue challenging the previous high of $124,000 after adjusting and building momentum.
It is worth noting that although there may be fluctuations in the short term, Bitcoin's long-term growth potential remains strong. With the continued entry of institutional investors and the increasing uncertainty in the global economy, Bitcoin's status as digital gold may further solidify.
However, investors should also be wary of the high volatility of the market and manage risks appropriately. When making investment decisions, it is advisable to consider technical analysis, fundamentals, and macroeconomic factors to better grasp market trends.