New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Analysis Company Shared the Level It Thinks Bitcoin Price Will Never Fall to!
Cryptocurrency analysis firm Alphractal shared its views on the price trajectory of Bitcoin and pointed out a gradual decrease in growth rate throughout market cycles while emphasizing a long-term bullish outlook.
According to Alphractal’s logarithmic growth model, the midpoint of Bitcoin is currently at $216,000 and this value continues to rise. However, the firm adjusted its estimates by adding an additional support line below the midpoint reflecting the slowing pace of market expansion over time.
Alphractal defines $38,000 as the current oversold threshold, meaning historically Bitcoin would be significantly undervalued below this level. The model suggests that within a year, this threshold is likely to rise above $50,000, reinforcing the idea that Bitcoin’s long-term price floor is on the rise.
Even if Bitcoin fails to meet the most optimistic forecasts, Alphractal’s analysis argues that it is unlikely to fall below $30,000 based solely on historical growth models.
Alphractal, which summarizes its views, suggests that the current cycle will be considered successful as long as Bitcoin remains above $38,000. Even at this level, millions of Bitcoin addresses will continue to profit significantly.