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#TopContentChallenge# Critical warning for Bitcoin: A final drop before a major rally may be imminent.
Bitcoin has been enjoying its latest "price discovery uptrend" for the past six weeks, but it's now time for a correction.
Analysis shows that in previous halving cycles, the BTC price tends to stall its second rally within five to seven weeks.
A new drop now could still allow for new highs in Q4.
Bitcoin (BTC) could begin the final week of its latest "price discovery uptrend" on Monday with the price stuck below $120,000.
New evidence suggests that the BTC price is running out of time to make new highs.
Bitcoin has reached classic "price discovery correction" territory.
If Bitcoin follows historical patterns, it risks holding onto its recent all-time high of $124,500.
Bitcoin is about to enter the seventh week of its second "price discovery uptrend" since the 2024 halving.
After each halving event, the subsequent bull market consists of a series of such uptrends, each accompanied by a correction. The timing of each phase throughout Bitcoin's lifespan has been roughly similar.
Historically, Bitcoin Price Discovery Uptrend 1 generally tends to end between weeks 6 and 8 of the trend. In Price Discovery Uptrend 2, Bitcoin tends to end its uptrend between weeks 5 and 7.
“The seventh week of Price Discovery Uptrend 2 begins tomorrow.”
A related chart from earlier in the year shows the potential upside target for the second rally at just below $160,000.
“However, if we look critically at previous Price Discovery Corrections… Only one of them began in week 8 (2017), one in week 6 (2021), and two in week 7 (2013 and 2025),” a July newsletter on the subject stated.
Bitcoin’s first correction phase in 2025 took the price from near $110,000 to below $75,000. This represents a pullback of approximately 30 percent, a figure not uncommon in previous halving cycles.
A new BTC price peak in Q4?
As things stand, it appears the BTCUSD has yet to post a "green" August and September in a row.
A $3.8 billion ETH withdrawal tail endangers billions of dollars in long positions.
However, a decline could pave the way for a larger cyclical peak towards the end of the year.
"In most bull market years, we've seen a rapid recovery followed by an explosive Q4,"
"Larger recovery in the next 1-2 months will be welcome and could be the final major decline for a year-end rally. It's fine if it doesn't happen, but I think it will push forward a larger long-term peak."
It shows that BTCUSD rose 2.1% in August, already averaging just over 1.8%. In contrast, September brought an average price drop of 3.8%.
This will fuel the $MBG Buyback & Burn strategy, starting August 27.
Less supply. More value for holders. 📈