Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Weekly Bitcoin Outlook: Two Months of Decline and Two Months of Rise, What's Next?
- Technical Analysis: Buyers Still in Control
Bitcoin price rose over 6% last week, closing above the 61.8% Fibonacci retracement level at $78,490 (derived from its lowest point in August 2024 at $49,000 to its all-time high in October 2025 at $126,199), a major resistance zone. As this week begins, Bitcoin faces slight resistance near the $80,000 barrier and is currently trading at a low of $77,400 on Friday.
If Bitcoin continues upward, the rally could extend toward the psychological barrier of $80,000, then toward the 100-week exponential moving average at $82,482.
The Relative Strength Index (RSI) on the weekly chart indicates 46, approaching the neutral 50 level, suggesting waning bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) on the same chart showed a bullish crossover in mid-April, which remains valid, with an upward-sloping histogram supporting the bullish hypothesis.
Weekly BTC/USDT Chart
On the daily chart, the cryptocurrency king maintains a short-term bullish trend as the price stays above the 50-day and 100-day exponential moving averages, slightly below $75,700, within the upper part of the previous channel, which now acts as immediate support around $75,680.
The RSI on the daily chart near 58 indicates positive momentum but not overbought, while the negative MACD histogram below zero suggests the bullish trend is progressing against a broader weak momentum backdrop.
On the downside, initial support is observed near the previous channel top around $75,680 and the 100-day EMA at $75,675, with the 38.2% Fibonacci retracement (drawn from the January high to the February low) at $74,487, and the 50-day EMA around $73,813, reinforcing a deeper demand zone.
On the upside, the 50% retracement at $78,962 represents the first notable resistance, ahead of the psychological $80,000 barrier, while the 200-day EMA near $82,277 and the 61.8% retracement around $83,437 are close below the horizontal line at $84,410, forming a broader range that could limit the next upward wave.
Daily BTC/USDT Chart
$BTC