🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Analysis: Bitcoin has returned above the 200-day MA, and the market is expected to be bullish.
According to BlockBeats news on April 27, analyst @alicharts reports that BTC has returned above the 200-day MA, which is a historically positive signal that usually indicates the price will rise further. Bitcoin formed a "death cross" on the daily chart on April 6 – a technical pattern where the 50-day MA falls below the 200-day MA. Since its inception, Bitcoin has experienced 10 such "death crosses", and the 11th is currently occurring. Analyzing the dates and durations of these "death crosses" leads to an important conclusion: every bear market includes one "death cross", but not every "death cross" results in a bear market. This distinction is key to understanding the current market landscape.