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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
Venue: Gate Chat Group
Time: Jan. 7, 04:00 AM (UTC)
💡 Rules:
‣ The quiz has 5 easy questions about Gate
‣ 2 lucky winners will be picked for each question with a $5 Position Voucher each
➜ How:
Open Gate App » Click at the bottom of "Home"-"Chat" » Enter Gate Chat Group or
➜ Click the Link to Enter: https://gate.onelink.me/Hls0/group?chatroom=groupGate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
Post with #MyFirstPostOnSquare to receive a $50 Position Voucher each
Monthly Top Posters and Top Engagers will each earn an extra $50 reward
Your crypto insights could inspire many—start creating today!
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Join now, share quality content, and compete for over $10,000 in monthly rewards.
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Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889Your First Words Matter!
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Ends on Jan 15, 2026, 16:00 UTC
2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Details: https://www.gate.com/announcements/article/48693
#BTCPriceUpdate
The price of Bitcoin (BTC) as of June 4, 2025.
On Wednesday, June 4, 2025, the price of Bitcoin (BTC) was recorded at Rp1,721,325,650.48, experiencing a decrease of 0.27% in the last 24 hours and 3.11% over the week. 
———
🔍 Analysis of Bitcoin Price Movements
1. Current Market Conditions
Bitcoin briefly reached a peak of around $111,880, but is currently trading around $105,000. This decline is influenced by profit-taking actions and distribution pressure from miners.
———
2. Technical Analysis
• Strong Support: $103.050
• Nearest Resistance: $106.589
• RSI (14-day): 65.44, indicating neutral momentum with potential consolidation.  
———
If the price breaks through the resistance at $106,589, there is a chance to continue the rally towards $111,679. However, if the support at $103,050 is breached, the price could drop to the range of $97,000.
———
3. Market Sentiment
Despite the correction, institutional demand remains strong. Political support, such as the statement by U.S. Vice President JD Vance calling Bitcoin a "hedge against inflation," provides positive sentiment.
———
📈 Prediction of the Next Price Movement
Based on technical analysis and market sentiment, Bitcoin has the potential to consolidate in the short term. However, if it successfully breaks through the resistance at $106,589, there is a chance to continue the upward trend. Conversely, if the support at $103,050 does not hold, a deeper correction may occur.
———
📢 Conclusion for the Gate Community
The current price movement of Bitcoin shows a consolidation phase after reaching its highest peak. Investors are advised to monitor key support and resistance levels and consider external factors affecting the market. Diversifying the portfolio and risk management remain important strategies in facing the volatility of the crypto market. #btcbulish #GateioPost #priceupdate