📢 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
Bitcoin price analysis: how likely is it that BTC will exceed $100,000 this week?
Description: Bitcoin is currently trying hard to regain momentum as its price action stagnates around the 100-day moving average. The current market structure implies a turning point where a bullish rebound remains a strong possibility, but a breakout could lead to a deeper correction. The likelihood of BTC surpassing $100,000 this week remains uncertain and depends on several factors. On-chain analysis indicates that profit-taking by long-term investors is the main reason for the current consolidation. However, lower profit levels than last summer suggest that selling pressure may ease, providing the necessary impetus for a new stage.