{"id":382589,"date":"2019-05-16T20:00:51","date_gmt":"2019-05-16T20:00:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=382589"},"modified":"2024-06-11T13:39:58","modified_gmt":"2024-06-11T13:39:58","slug":"bitcoin-price-corrected-8-percent-average-april-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","title":{"rendered":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Since the start of April, the price of the leading cryptocurrency by market cap <a href=\"https:\/\/uniquehot.com\/2019\/04\/04\/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined\/\">has been parabolic<\/a>, breaking key resistance level after another with relative ease, and inciting FOMO in the crypto market once again. <a href=\"https:\/\/uniquehot.com\/2019\/05\/08\/bullish-crypto-community-in-shock-over-recent-bitcoin-price-resilience\/\">Bitcoin has even stayed resilient<\/a> in the face of some of the worst Tether FUD to hit the market and a hack of the most popular cryptocurrency exchange, Binance.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Even with major negative news breaking at important moments throughout the rally, Bitcoin has barely flinched, and has yet to face a significant correction. In fact, Bitcoin hasn\u2019t seen anything more than an 8% pullback on average since the early April rally began, suggesting that this latest pullback might yet again be nothing for crypto investors to fret over.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">When Will Bitcoin Price Correct After Biggest Rally of 2019?<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Starting on April 2nd, 2019, <a href=\"https:\/\/uniquehot.com\/2019\/04\/04\/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined\/\">Bitcoin took off on a rocket<\/a> toward $5,000 and never looked back. Since then, the first ever cryptocurrency has revived the bull market by breaking back above $6,000 without a second thought, smashing through $7,000, and reaching above $8,000 where it is currently taking a pit stop.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet\/\">Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">From the start of the rally, Bitcoin has corrected on average only about 8% at each dip, despite doubling in value in <a href=\"https:\/\/uniquehot.com\/2019\/05\/14\/bitcoin-bulls-are-back-40-days-of-uptrend-erases-nearly-8-months-of-bear-market\/\">less than 45 days<\/a>, according to Bitcoin price charts shared by <a href=\"https:\/\/twitter.com\/dmr_no\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">dmr_no via Twitter<\/a>.<span class=\"Apple-converted-space\">\u00a0 <\/span>Crypto analysts have been calling for a pullback of 50% or more given the parabolic advance, however, the FOMO that was incited may be too strong for bears to have any effect in the face of the incredible buy pressure.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The biggest BTC pullbacks since 2nd of April were in the -7% to -9% range yet BTC BEARS keep trying to short it, WHY!?\ud83e\udd26\u200d\u2642\ufe0f<\/p>\n<p>If BULL GODZ have been ruthless thus far, why would they loosen the grip now?<br \/>&#8230;poor bears don&#39;t see what&#39;s coming<a href=\"https:\/\/twitter.com\/hashtag\/May_Angelo_Have_Mercy_On_Your_BEAR_Souls?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#May_Angelo_Have_Mercy_On_Your_BEAR_Souls<\/a> <a href=\"https:\/\/t.co\/faDFSxffJR\" rel=\"nofollow\">pic.twitter.com\/faDFSxffJR<\/a><\/p>\n<p>&mdash; Past BTC Time Traveler (@PastBTC_TT) <a href=\"https:\/\/twitter.com\/PastBTC_TT\/status\/13718016?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 16, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Crypto speculators believe that the rally is due to a combination of strategic actors or whales, institutional interest finally hitting the market, sidelined money waiting for the bottom reentering, trade tensions and economic turmoil brewing, and a resurgence of retail buying as is indicated by the <a href=\"https:\/\/uniquehot.com\/2019\/05\/16\/bitcoin-wallets-trend-as-top-apps-on-apple-store-as-price-spikes-112-ytd\/\">Coinbase app topping the iPhone app store trending list<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The relative scarcity of the asset and the upcoming halving are also said to have a significant effect on the price of the asset leading up to the event. Each halving reduces the block reward awarded to Bitcoin miners for securing the network. After the next halving, the number of Bitcoins that miners receive will drop from 12.5 to 6.25 BTC.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/05\/16\/why-the-next-bitcoin-bull-run-could-eclipse-the-last-crypto-bubble\/\">Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Bitcoin is currently experiencing yet another pullback within the 8% range it has followed since the rally first kicked off. Sooner or later, the price of Bitcoin is bound to correct, however, it may not happen as soon as most cryptocurrency investors are expecting, and according to some, <a href=\"https:\/\/uniquehot.com\/2019\/05\/16\/heres-why-the-bitcoin-price-may-not-see-a-big-correction-at-all\/\"><span class=\"s2\">may not happen at all<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with relative ease, and inciting FOMO in the crypto market once again. Bitcoin has even stayed resilient in the face of some of the worst Tether FUD to hit the market and a hack of the most popular cryptocurrency exchange, Binance. Even with major negative news breaking at important moments throughout the rally, Bitcoin has barely flinched, and has yet to face a significant correction. In fact, Bitcoin hasn\u2019t seen anything more than an 8% pullback on average since the early April rally began, suggesting that this latest pullback might yet again be nothing for crypto investors to fret over. When Will Bitcoin Price Correct After Biggest Rally of 2019? Starting on April 2nd, 2019, Bitcoin took off on a rocket toward $5,000 and never looked back. Since then, the first ever cryptocurrency has revived the bull market by breaking back above $6,000 without a second thought, smashing through $7,000, and reaching above $8,000 where it is currently taking a pit stop. Related Reading | Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet\u00a0 From the start of the rally, Bitcoin has corrected on average only about 8% at each dip, despite doubling in value in less than 45 days, according to Bitcoin price charts shared by dmr_no via Twitter.\u00a0 Crypto analysts have been calling for a pullback of 50% or more given the parabolic advance, however, the FOMO that was incited may be too strong for bears to have any effect in the face of the incredible buy pressure. The biggest BTC pullbacks since 2nd of April were in the -7% to -9% range yet BTC BEARS keep trying to short it, WHY!?\ud83e\udd26\u200d\u2642\ufe0f If BULL GODZ have been ruthless thus far, why would they loosen the grip now?&#8230;poor bears don&#39;t see what&#39;s coming#May_Angelo_Have_Mercy_On_Your_BEAR_Souls pic.twitter.com\/faDFSxffJR &mdash; Past BTC Time Traveler (@PastBTC_TT) May 16, 2019 Crypto speculators believe that the rally is due to a combination of strategic actors or whales, institutional interest finally hitting the market, sidelined money waiting for the bottom reentering, trade tensions and economic turmoil brewing, and a resurgence of retail buying as is indicated by the Coinbase app topping the iPhone app store trending list. The relative scarcity of the asset and the upcoming halving are also said to have a significant effect on the price of the asset leading up to the event. Each halving reduces the block reward awarded to Bitcoin miners for securing the network. After the next halving, the number of Bitcoins that miners receive will drop from 12.5 to 6.25 BTC. Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble\u00a0 Bitcoin is currently experiencing yet another pullback within the 8% range it has followed since the rally first kicked off. Sooner or later, the price of Bitcoin is bound to correct, however, it may not happen as soon as most cryptocurrency investors are expecting, and according to some, may not happen at all.<\/p>\n","protected":false},"author":517,"featured_media":382591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,679,6664,16042,3584],"class_list":["post-382589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-crypto","tag-pullback","tag-rally"],"acf":[],"yoast_head":"\n<title>Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally<\/title>\n<meta name=\"description\" content=\"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally\" \/>\n<meta property=\"og:description\" content=\"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-16T20:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:39:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"2003\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;The Bull&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally\",\"datePublished\":\"2019-05-16T20:00:51+00:00\",\"dateModified\":\"2024-06-11T13:39:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\"},\"wordCount\":466,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"crypto\",\"pullback\",\"rally\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\",\"name\":\"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\",\"datePublished\":\"2019-05-16T20:00:51+00:00\",\"dateModified\":\"2024-06-11T13:39:58+00:00\",\"description\":\"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\",\"width\":3000,\"height\":2003},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/uniquehot.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally","description":"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","og_locale":"en_US","og_type":"article","og_title":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally","og_description":"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-05-16T20:00:51+00:00","article_modified_time":"2024-06-11T13:39:58+00:00","og_image":[{"width":3000,"height":2003,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","type":"image\/jpeg"}],"author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally","datePublished":"2019-05-16T20:00:51+00:00","dateModified":"2024-06-11T13:39:58+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/"},"wordCount":466,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","keywords":["bitcoin","bitcoin price","crypto","pullback","rally"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","name":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","datePublished":"2019-05-16T20:00:51+00:00","dateModified":"2024-06-11T13:39:58+00:00","description":"Since the start of April, the price of the leading cryptocurrency by market cap has been parabolic, breaking key resistance level after another with","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","width":3000,"height":2003},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Unstoppable: Bitcoin Price Hasn\u2019t Corrected More Than 8% On Average Since April Rally","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-corrected-8-percent-average-april-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","crypto","pullback","rally"],"dateCreated":"2019-05-16T20:00:51Z","datePublished":"2019-05-16T20:00:51Z","dateModified":"2024-06-11T13:39:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Unstoppable: Bitcoin Price Hasn\\u2019t Corrected More Than 8% On Average Since April Rally\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-corrected-8-percent-average-april-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-corrected-8-percent-average-april-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-crypto-pullback_791690905-e11.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"crypto\",\"pullback\",\"rally\"],\"dateCreated\":\"2019-05-16T20:00:51Z\",\"datePublished\":\"2019-05-16T20:00:51Z\",\"dateModified\":\"2024-06-11T13:39:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/05\/bitcoin-price-crypto-pullback_791690905-e11.jpg?fit=3000%2C2003","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/382589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=382589"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/382589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/382591"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=382589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=382589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=382589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}