📢 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
The Bitcoin rise trend may end, analysts expect it may fall to $95,000.
On August 12, according to reports, the Bitcoin rise trend faces the risk of an early end, with market expectations for a target price below $100,000. Some traders warned in the latest market analysis released on Tuesday that Bitcoin is in a continuous "PI phase."
Some analyses suggest that Bitcoin could potentially fall to $95,000, a level not reached since early May. BTC has previously experienced the classic "Mark-Up" phase of rebounding from long-term lows, and is now in the "Distribution" phase, which is typically a reversal zone for an upward trend.
Since November of last year, the range of $92,000 to $95,000 has played an important role in the price movement of Bitcoin, serving both as a support level and as a resistance level, accompanied by significant market volatility.
Traders described this week's Bitcoin drop after breaking through $122,000 as "ugly." They stated that BTC has re-entered the previous consolidation range, with altcoins being the main beneficiaries.