#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
Recently, crypto assets market analyst Markus Thielen offered unique insights into Bitcoin's trading strategy. Thielen believes that investors may welcome a more attractive get on board opportunity, as the Bitcoin price pulls back to the support level around $111,673.
This viewpoint is based on common technical patterns in the market. Before a large bull market unfolds, asset prices often retest breakout points. Therefore, Bitcoin is likely to pull back to the highs set in May, providing investors with a more optimized risk-reward entry point.
However, if the market does not exhibit a significant pullback, Thielen suggests that investors could focus on the key price level of $120,000. Breaking through this level would mean that Bitcoin's price has successfully broken above the descending trend line formed in mid-July, potentially indicating stronger upward momentum.
It is worth noting that in the current rapidly changing Crypto Assets market, investors should closely monitor market trends and weigh risks against opportunities. Whether waiting for a potential pullback or focusing on breakout points, decisions need to be made in conjunction with personal investment strategies and risk tolerance.
As the price of Bitcoin continues to fluctuate near historical highs, discussions among market participants about its future direction are becoming increasingly heated. This perspective from analysts provides investors with a new angle of thought, but at the same time reminds us that caution and patience are equally important in this highly volatile market.