🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
As of May 29, 2025, Bitcoin (BTC) is trading at approximately $107,621, reflecting a slight decline of 0.56% for the day.
Technical Overview:
Trend Analysis: Bitcoin continues to exhibit a bullish trend, characterized by higher highs and higher lows. The price is approaching a significant resistance level at $110,000.
Moving Averages: The 50-day moving average (MA50) is positioned above the 200-day moving average (MA200), indicating strong short-term momentum.
Resistance Levels: Key resistance is identified in the $116,000–$128,000 range, which may present challenges for further upward movement.
Market Sentiment:
Investor sentiment remains optimistic, bolstered by:
Institutional Adoption: Increased participation from institutional investors, including significant Bitcoin holdings by companies like MicroStrategy.
Regulatory Environment: Favorable regulatory developments, such as the appointment of pro-crypto officials, have enhanced market confidence.
Accumulation by Large Investors: Data indicates strong accumulation by large holders, signaling continued bullish sentiment.
Future Outlook:
Analysts project potential price targets ranging from $120,000 to $145,000, contingent on sustained momentum and favorable market conditions.
Risk Considerations:
Despite the positive outlook, Bitcoin's price remains susceptible to volatility. Investors should be prepared for potential price fluctuations and consider risk management strategies accordingly.
If you would like more detailed analysis or information on specific aspects of Bitcoin's market performance, feel free to ask.