📢 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
From the monthly chart of Bitcoin, market sentiment remains optimistic. We are currently in the fifth month of a strong upward trend, and historical data shows that a major bull run is usually accompanied by continuous rises for 6 months or even longer.
It is worth noting that the interest rate cut cycle that is about to begin in September may inject new momentum into this bull run, likely extending the market's rise. This means that even if the current rising trend only has two months left, we may witness the most intense price fluctuations.
Looking back at past rises, we have seen single-month gains reach as high as 65% or even 90%. If we apply this data to the current situation, we can speculate that the Bitcoin price could reach approximately $189,750 (based on 65%) or $218,500 (based on 90%). Therefore, the possibility of Bitcoin breaking through the $200,000 barrier cannot be ignored.
However, investors should keep in mind that the cryptocurrency market is highly volatile and carries significant risks. While technical analysis and historical patterns can provide some insights, market trends are influenced by various factors, making precise predictions difficult. It is advisable to conduct thorough research and risk assessment before making any investment decisions.