📢 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
#BTC#
Bitcoin (BTC)'s trend is giving mixed signals in both the short and long term, but the overall outlook continues to have a strong upside potential.
Short-Term Situation:
* Uptrend and Possibility of Correction: Bitcoin has made a significant leap recently, rising to $ 112,000 and breaking a record. However, some technical indicators (Stochastic and RSI's proximity to the overbought zone) indicate the possibility of a correction in the short term. This situation indicates that there may be some volatility in the market.
* Support and Resistance Levels: While the $ 106,000 - $ 107,300 range is seen as a strong support zone, the $ 110,000 level appears as a psychological and technical resistance point.
* Upward Channel Movement: It is stated that Bitcoin is trading within a 6-week "Upward Channel" and continues to move within this channel. It is stated that short-term pullbacks may be up to the support points of this channel.
Long-Term Situation:
* Strong Uptrend Expectation: A very optimistic picture is being drawn for Bitcoin in the long term. It is being discussed that the main target may be $ 130,000, especially with the completion of the "Cup and Handle" formation.
* Institutional Interest and ETF Flows: The intense interest in spot Bitcoin ETFs and continuous net inflows support institutional investors' confidence in Bitcoin and its long-term potential. This situation supports the upward movement of prices by providing a continuous new capital flow to the market.
* "Real World Assets" (RWA) and the BlackRock Effect: The interest of large investors such as BlackRock in tokenized real world assets (RWA) can serve as an important bridge for the cryptocurrency market, which can trigger the long-term growth of leading assets such as Bitcoin.
* Accumulation of Long-Term Holders: Short-term declines are seen as an opportunity by long-term holders (LTHs) to strengthen their positions. This situation shows that price declines are quickly countered and the market remains fundamentally strong.
In summary: Bitcoin may experience some corrections and volatility in the short term. However, in the long term, there is talk of a strong uptrend and important price targets. Developments such as institutional interest, ETF inflows and RWA stand out as important factors supporting Bitcoin's future growth potential.