🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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🔥Bitcoin Next Step: Targeting $100,000 and Higher? + Chan Theory Chart Interpretation Teaching 19 Lectures👇
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Currently, $100,000 is the recent major target for Bitcoin's price, but what is truly worth paying attention to is whether Bitcoin has the ability to break through this important psychological barrier and enter a new historical high.
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From a technical perspective, Bitcoin is currently at a critical turning point. If it can maintain its position between $90,000 and $95,000 and further solidify the support range, the possibility of challenging and breaking through the historical high of $108,000 will significantly increase. Once broken, the next stage of upward space is expected to open up, and it may even hit $130,000 in the next cycle.
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🔥Bitcoin has currently regained multiple important technical indicators, such as the Short-Term Holder Realized Price (STH Realized Price), 100-day, 200-day, and 365-day moving averages, all of which are seen as symbols of a strong market structure.
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However, the possibility of a pullback cannot be ruled out. If Bitcoin fails to hold its current support, or if the global market environment suddenly turns bearish, its price may drop back to the $80,000 range. At that time, the market will face an important "retest," and if it cannot quickly recover the key level, it may trigger deeper downward risks.
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