🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
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S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
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#GT# #BTC# #XRP# #ETH# #DOGE# 💰🚀🪙💸🎯💯🌐
📈 Current Market Movement Summary
A slight decline for Bitcoin of ~0.17%, at ~109,948$, after reaching a peak of 110,249$ today.
Markets are awaiting the release of U.S. inflation data and the impacts of the trade war between the United States and China.
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Key players in the rise:
1. Increasing entry of institutions
Massive inflows into Bitcoin ETF funds – reached ~2.8 billion dollars in May alone, with ETF assets exceeding 122 billion pounds.
Institutions like ARK and Fundstrat led by Cathie Wood and Tom Lee are expecting new peaks at $150,000–$200,000 this year.
2. Emerging Technical Data
The "Bull Flag" model (bull‑flag) indicates the potential for BTC to rise towards $160,000, targeting approximately +50% from the current supply.
The 20-day average price surpassed (~105,300$) and the signs of an inverted head and shoulders may support the continuation of the upward trend towards 112,700$ then the next resistance ~146,900$.