🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
#BTC#
Bitcoin Is Overbought: Why Would This Be Bullish For Its Price?
Unlike other financial assets, overbought levels would be positive for bitcoin, according to an analytics firm.
By Bárbara Distéfano 5 March, 2024
Despite various indicators indicating that bitcoin (BTC) was overbought and would fall in price, today it touched its all-time high of $69,000 (USD). According to market analysis provider, Bespoke Investment Group, this is because an overbought signal does not necessarily negatively affect the digital currency.
To understand this, introduce that bitcoin is currently trading 2.6 standard deviations above its 50-day simple moving average. This means it's "extremely overbought," though history has shown it's not always negative, he warns.