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Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
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Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
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May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
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Bitcoin Price Prediction: How Much Will 1 BTC Be Worth in May 2025?
After a major breakout, Bitcoin buyers are showing passivity as the price fluctuates around the $103,000 level. The price is trapped in a range, indicating the beginning of another accumulation phase. However, the question remains whether this phase will ease soon or extend for a long time, and if it eases, will the price trigger a breakout or face rejection? The price of Bitcoin is consolidating above $100,000, flashing major bullish signals with expectations of reaching new highs. Tokens often consolidate before experiencing a major bullish action, and thus, the next rally is expected to mark new highs. Meanwhile, technical indicators have reached levels where the correction phase begins in previous cycles. Therefore, the price of BTC is also concerned about facing similar consequences if the bears break below the threshold.
The BTC price is inching closer to the final threshold before testing the ATH. However, upon closer examination of the technical factors, it can be seen that a correction phase may soon begin. The weekly RSI has reached overbought levels for the first time since the breakout in November. These levels are falling further and remain trapped in a gradual downtrend to mark a bottom. This does not mean that the price will have to face an immediate pullback, as the price has held within a bullish range from December 2024 to February 2025 while the RSI still maintains a gradual downtrend. Therefore, a new ATH for Bitcoin price is about to occur, but it may not exceed 112,000 to 115,000 dollars. On the other hand, OBV once again shows a bearish divergence after hitting the resistance level. Since it has not overcome this in several previous events, the confirmation of a decline may hinder the upward progress. Therefore, if OBV surpasses these levels, BTC price may strengthen; if not, horizontal consolidation may dominate for a long time.