🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Bitcoin (BTC) on Cusp of a Breakout After Defeating Downtrend, According to Crypto Analyst - The Daily Hodl
Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is right on the edge of a breakout based on classic technical analysis.
The pseudonymous analyst tells his 543,000 followers on the social media platform X that BTC is in the midst of confirming a breakout after finally closing above a downward resistance line.
Says the trader,
“Bitcoin is on the cusp of a breakout.
Mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend.
And when BTC breaks a technical downtrend…
BTC enters a new technical uptrend.”
“Bitcoin is slowly approaching the 21-week EMA resistance (green).
Price will need a Weekly Close above ~$86,900 Sunday/Monday midnight UTC to position itself for a breakout from the triangular pattern formed by these two Bull Market EMAs.”
Looking at Ethereum (ETH), the second biggest digital asset by market cap, Rekt Capital says ETH needs to hold its current price range to have any shot at triggering a 2023-style rally.
“After losing its black-black Macro Range ($2,196-$3,900), Ethereum dropped right into the historical demand area below (light blue).
Since then, Ethereum upside wicked into the top of the light blue box, turning the top of the box into new resistance, like in 2023 (red circle).
More, ETH recently downside wicked below this box, potentially holding the bottom of the box as support.
ETH needs to hold the bottom of the light blue historical demand area if it wants to position itself for a repeat of mid-2023 history (green circle).”
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