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- 📢 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!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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📌 Rewards will be distribu
Bitcoin Entering Phase of Parabolic Expansion After Successfully Breaking Downtrend: Crypto Analyst - The Daily Hodl
A closely followed crypto analyst says that Bitcoin (BTC) has successfully broken a downtrend with strong price action.
The pseudonymous analyst known as Rekt Capital tells his 543,000 followers on the social media platform X that BTC has successfully broken a diagonal resistance and flipped it into support after staying above $85,000.
“Bitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation
But Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.”
The analyst suggests that BTC will soon soar to new all-time highs before entering a new corrective phase and a final launch to its bull market peak.
“Technically, we should be seeing parabolic upside, but instead we’re getting [consolidation]. The ‘Banana Zone’ is a term of endearment for the parabolic phase of the cycle when it comes to Bitcoin’s price action whenever it breaks beyond old all-time highs into new all-time highs.
What happens with Bitcoin’s price action when it breaks to new all-time highs is, yes, we do see a parabolic ascension to those new all-time highs but sometimes when we break to new all-time highs, it can get a little bit bumpy, so it tends to be bumpy in and around the old all-time high region and it tends to be also bumpy once we’ve rallied to new all-time highs…
What that means is we’re going to see additional upside, so that gets us into the corrective phase two. We tend to see at least two corrective periods in price discovery.”
At time of writing, BTC is trading at $87,523.
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