๐ Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
๐
Event Duration:
May 16, 2025, 8:00 AM โ May 23, 2025, 06:00 PM UTC
๐ฏ How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related โ here are some ideas:
๐น Commemorative:
Look back on the iconic โ10,000 BTC for two pizzasโ story or share your own memories with BTC.
๐น Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Bitcoin is expected to move around the $104/105,000 average this week and have an upward trend. When we look at recent Bitcoin analyses, an upward trend and upward potential are generally expressed.
Current Situation and What Do Analysts Say?
* Stabilization around $104,000: Many sources state that Bitcoin has been consolidating around $103,000 to $105,000 in recent days. Staying above this level is seen as important for the continuation of the bull market.
* Upward potential: Some analysts expect Bitcoin to move towards $110,000 and above if it breaks the $107,000 and even $110,000 resistance levels. Some estimates even talk about a rally of $131,000 to $155,000.
* Institutional Demand and ETF Inflows: Increasing institutional interest and inflows into spot Bitcoin ETFs continue to have a positive impact on the price. ETF applications and approvals from major players such as BlackRock also support this momentum.
* Technical Indicators: In general, technical analysis indicators (such as moving averages, RSI) show positive momentum in the short and medium term. However, RSI above 70 in some places may also indicate the possibility of a correction in the short term.
* Psychological Support: The $ 100,000 level is seen as a strong psychological support for Bitcoin, and staying above this level shows that the bulls maintain their strength.
Things to Consider:
* Volatility: Crypto markets have high volatility as always. Therefore, price predictions are speculative and market conditions can change suddenly.
* Resistance Levels: Breaking important resistance levels, especially $ 105,000 and $ 108,000, will be critical for the continuation of the upward movement. A rejection at these levels may cause a pullback.
* Macroeconomic Factors: Macroeconomic factors such as interest rates, inflation and the general economic situation can also affect the price of Bitcoin.
Conclusion:
Bitcoin's course around $104/105 thousand and our expectations of upward momentum seem to be in line with current market conditions and analyst views. The continuation of institutional demand and positive technical indicators are among the factors supporting this momentum. However, due to the nature of the market, it is always more important to be careful and do your own research. Best regards