📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
Long-Term Bitcoin Prediction: Cycle, Resistance Levels, and Key Price Levels
Where are we in the Bitcoin cycle? Currently, Bitcoin is approaching the final stage of the current price increase cycle. According to the Elliott wave analysis, we may be in the final stage of the Impulse Wave in this wave pattern. This is the stage at which Bitcoin could reach a peak before entering a corrective cycle.
When should one consider selling? An important factor to monitor is the long-term trend line from 2017. This line has maintained its role as support for many years, helping to identify important turning points. We recommend setting an alert on TradingView when Bitcoin reaches this trend line. This could be a signal for investors to consider selling to take profits. Important price levels to pay attention to Fibonacci level 1.618: This is one of the popular Fibonacci extension levels used by technical analysts to predict potential price areas. With Bitcoin, this extension level is currently around 122,069 USDT, coinciding with the long-term trend line. This is a strong resistance level that could cause Bitcoin to pause or reverse. Extreme value prediction: Some argue that Bitcoin could reach 200,000 or 300,000 USDT. However, given the current market cap, we rate this possibility not highly. Predicting excessively high values can cause an unsustainable "bubble" psychology. What will happen after the peak of the cycle? Major correction timing: Based on the history of Bitcoin, we can expect a significant correction (bear market) in the period 2025-2026. Important support zone: During the adjustment process, the price range of 49,000 - 65,000 USDT (the accumulation zone of wave 4 previously) has the potential to play a strong support role. This could be an opportunity for long-term investors to consider increasing their position. Important reminder: This is a long-term analysis, not investment advice. All trading decisions should be based on careful research and individual risk tolerance. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)