- Topic
43k Popularity
42k Popularity
27k Popularity
9k Popularity
19k Popularity
4k Popularity
32k Popularity
22k Popularity
33k Popularity
146k Popularity
- Pin
- 🎉 A Warm Welcome to Dr.Han on Gate Square!
Dr.Han — Founder of Gate and a seasoned crypto industry observer — is now officially sharing insights on Gate Square!
📢 Follow Dr.Han and like or comment on his latest post for a chance to win!
👉 Post: https://www.gate.com/post/status/11966645
👉 Profile: https://www.gate.com/profile/Dr_Han
🎁 Giveaway Alert:
We’ll randomly select 10 lucky users from those who follow + like/comment to receive a limited-edition Gate T-shirt — the same style worn by Dr.Han!
(If shipping is unavailable in your region, a $50 Futures Voucher will be provided instead.)
�
- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
Share Alpha trading highlights screenshots with #Gate Alpha Trading Share# to split $100!
🎁 10 lucky users * 10 USDT each
📅 July 4, 4:00 – July 20, 16:00 UTC+8
Don’t forget—the main Alpha Points Carnival prize pool is up to $1,000,000!
Trade and post for double the chances to win!
Learn more: https://www.gate.com/announcements/article/45908
- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
- #GateSquareGiveaway# - Spot the Differences 👀
GM ☕ Our frog friend has two slightly different mornings—can you find all the changes?
💰 $10 Futures Voucher * 5 winners
To join:
🔹Follow Gate_Square
🔹Like this post and drop your answer in the comments
📅 Ends at 16:00 PM, July 7 (UTC)
Bitcoin Price Analysis: Is a Crash to $27K Imminent for BTC? Key Factors to Watch in the Coming Days
Bitcoin’s price is yet to recover above the $30K level after falling below a few days ago. However, the price is currently being supported at around $29,000.
Technical Analysis
By: Edris
The Daily Chart:
On the daily timeframe, the price has been consolidating in a very tight range below the $30K level. The 50-day moving average is around the $29K mark at the moment. If it gets broken to the downside, the 200-day moving average located around the $27K level would be the next probable target in the short term.
On the other hand, if the market rebounds and breaks above the $30K zone, a rally toward $38K would be expected.
Looking at the 4-hour chart, the price has been painting lower highs and lows. The $30K level has turned into resistance, pushing it lower. In case Bitcoin fails to climb above $30K again, the $27,500 support level would likely get tested.
Moreover, the RSI indicator is also showing values around 50%, offering little insight into the potential direction for the short term. Therefore, the market is currently located in a key area, and the price action in the coming weeks relies on the reaction to this zone.
ByShayan
Bitcoin has experienced significant fluctuations in the past two years since it peaked at $69K and entered a bearish cycle. ious factors, such as the ongoing pandemic, inflation concerns, and the Russia-Ukraine war, have contributed to these unstable periods, resulting in an atmosphere of uncertainty and doubt prevailing in the financial markets.
The Realized Cap – UTXO Age Bands (%) metric can be employed to assess Bitcoin’s supply dynamics. This metric categorizes coins based on their lifetimes and the proportion of the total realized cap.
Despite the price plunging significantly below $20K in the recent bearish phase, the accumulation rate seems to have surpassed that of the 2018 bearish period. This observation suggests that many market participants still view Bitcoin as a valuable asset, reinforcing their confidence in its potential despite the challenges faced during this bearish cycle.