Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Bitcoin (BTC) price analysis
Bitcoin is struggling to hold above $52,000. This suggests that the bears are fiercely defending the level. If the price breaks below $50,000, short-term traders will likely give up. That is, they prefer to book profits. This could push BTC back to the 20-day exponential moving average ($48,842).
If the price rebounds strongly from the 20-day EMA, it will indicate that sentiment remains positive and traders are buying at lower levels. This, in turn, would increase the likelihood of a rally above $52,000. BTC is likely to bounce to $60,000 later. Instead, if the price continues to decline and breaks below the 20-day EMA, it will signal the beginning of a pullback towards the 50-day simple moving average ($44,924).
#HotTopicDiscussion btc