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Bitcoin May Drop Below 107,000 USD Before Breaking Out Strongly to a New High
A recent technical analysis has raised concerns about the possibility that Bitcoin (BTC) will undergo a short term price correction, potentially dropping below the 107,000 USD threshold. However, experts believe that this is not a negative signal in terms of market structure, but rather a strategic move by large funds to accumulate before entering a new phase of strong bullish momentum. Bitcoin Market Structure: Adjustments in a Bullish Trend Crypto market analyst Tehi Thomas, in a post on the TradingView platform, stated that Bitcoin is entering the final correction phase within the framework of a long-term bullish trend. Based on the technical chart, Thomas points out that BTC is forming lower highs, while the price is continuously under selling pressure along a downward trendline. Notably, this trendline is likely acting as a liquidity trap, designed to lure retail investors into selling, in order to facilitate large capital buying at discounted price levels. Price Zone 106,200 USD Identified As Potential Buy Point According to Thomas's analysis, once the liquidity area around 107,800 USD is swept through, Bitcoin could fall deeper into the nearby Fair Value Gap (FVG), stretching from 106,500 USD to 106,200 USD. This area coincides with important Fibonacci levels, particularly the 0.786 retracement level at 106,200 USD, indicating a high technical convergence – a common sign at strong reversal zones. This expert evaluates this as a "high-probability buying zone," where large financial institutions may re-enter the market. This price level is not a break in market structure, but rather a "liquidity sweep" to fill the remaining price gaps from previous increases. Bullish After Accumulation Phase After completing the liquidity scanning phase and filling the gap at FVG, Bitcoin is expected to form a reversal structure and enter a new bullish cycle. Thomas emphasized that the long-term trend of Bitcoin still retains its bullish nature, and this short-term correction is actually an Accumulation preparing for the next explosive growth wave. Specifically, Thomas's chart marks the area of 110,500 USD as the next "price magnet" – a potential peak, with significant untapped liquidity. Once the current selling pressure weakens and the market confirms the trend shift (displacement), Bitcoin could restart a strong rally and enter the price discovery area (price discovery) once again. Summary of Short Term and Long Term Outlook for Bitcoin Current price of BTC: Approximately 108,744 USDExpected adjustment zone: Below 107,000 USD, lowest target around 106,200 USDExpected increase after reversal: Up to 110,500 USD, equivalent to an increase of about 1.61%Long-term trend: Bullish, currently in the final accumulation phase before breaking out. Conclusion According to Tehi Thomas's assessment, the short-term correction below the 107,000 USD mark is not a negative sign, but rather an opportunity for smart money to accumulate before pushing the price higher. If the scenario unfolds as analyzed, Bitcoin could enter a phase of growth surpassing historical peaks, with the potential to go even further in the upcoming bullish cycle.