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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
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2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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Bitcoin May Not Close At $250,000 This Year, but This Analyst Is Convinced BTC Can Hit These Levels
Bitcoin has managed to return above the $100,000 price mark after revisiting previous support levels at $98,286. While somewhat mixed, market sentiments remain bullish as a handful of Bitcoin proponents have reiterated their conviction that the asset could reach previously unseen levels before the end of the year.
Although the most bullish price forecasts for Bitcoin this year has typically started with a base price of $200,000, with pro-Bitcoin proponents like Robert Kiyosaki predicting $250,000 as a closing price for Bitcoin this year, one investor is outlining an interesting scenario for the asset, with price expectations going above the $150,000 mark but not at all crossing the $200,000 price level this year
According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin could increase its price value by 48.56% from its current level. Lee observed Bitcoin’s recent upward correction, explaining that ETF inflows contributed largely to the asset’s recovery.
Notably, U.S.-based Bitcoin ETFs saw the largest single-day inflow on Tuesday, June 28, with a total of $588.6 million recorded, according to data from Farside Investors. The new development marks 11 days of consecutive positive inflows—the longest period of consistent inflows recorded since December 2024.
Although Lee maintains that investors are exercising caution at this time, he predicts that Bitcoin is still well on its way to hitting new highs this year. According to his timeline, Bitcoin could secure a price value of $110,000-$115,000 within the third quarter of this year. His year-end price prediction $130,000-$160,000 is even more bullish.
For Ether, the second most valuable cryptocurrency by market cap, Lee predicts a $2,600-$2,800 attainable short-term target for the asset, but with increased expectations, he forecasts $5,500 as a long-term target.
At the time of this report, Bitcoin is up 0.95% from the previous day and is currently trading at $109,152 at press time