{"id":410871,"date":"2020-01-14T05:18:30","date_gmt":"2020-01-14T05:18:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=410871"},"modified":"2024-06-11T13:40:27","modified_gmt":"2024-06-11T13:40:27","slug":"3-reasons-why-bitcoins-rally-8500-may-soon-end","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","title":{"rendered":"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End"},"content":{"rendered":"<p>Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has seen <a href=\"https:\/\/uniquehot.com\/2020\/01\/14\/why-analysts-bullish-bitcoin-just-rallied-8300\/\">buyers decisively step in<\/a>, pushing BTC 6% higher to a high of $5,880 established just minutes ago as of the time of writing this article.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/WureExue\/\" width=\"808\" height=\"487\"><\/p>\n<h6 style=\"text-align: center\">Related Reading:<a href=\"https:\/\/uniquehot.com\/2020\/01\/12\/ethereums-price-chart-printed-this-extremely-bullish-signal\/\" data-wpel-link=\"internal\">\u00a0Ethereum\u2019s Price Chart Just Printed This Extremely Bullish Signal<\/a><\/h6>\n<p>While this move has been decisively bullish, pushing Bitcoin above key resistance levels in and around $8,400 and denying the chance for the chart to form a lower higher or double top, analysts are worried that a retracement may soon follow. Here are a number of reasons why.<\/p>\n<h2>Three Reasons Why Bitcoin&#8217;s Rally May Retrace<\/h2>\n<p>Firstly, as noted by cryptocurrency trader &#8220;CryptoISO,&#8221; the BitMEX funding rate has forayed well into the positive territory, with long position holders now paying a relatively large fee to short positions holders.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Been a while funding. <a href=\"https:\/\/t.co\/P7JdHv3szO\" rel=\"nofollow\">pic.twitter.com\/P7JdHv3szO<\/a><\/p>\n<p>&mdash; CryptoISO (@crypto_iso) <a href=\"https:\/\/twitter.com\/crypto_iso\/status\/80473600?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While not a decisively bearish sign, former Wall Street analyst turned Bitcoin trader and educator Tone Vays said in a recent edition of his Youtube cryptocurrency market analyses that the negative funding rate in the BTC market has him worried about a potential retracement.<\/p>\n<p>Secondly, NebraskanGooner, a prominent cryptocurrency trader and founder of industry exchange Level, <a href=\"https:\/\/twitter.com\/nebraskangooner\/status\/99222784\" rel=\"nofollow\">recently noted<\/a> that his proprietary indicator (Top Goon X) recently printed a sell signal on the six-hour candle containing Bitcoin&#8217;s surge from $8,100 to $8,580.<\/p>\n<p>This indicator has been relatively strong over the past few months, issuing long signals in the drops to the $6,000s at the end of November and the middle of December, preceding massive 15% to 25% moves higher that would have benefited swing traders.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a><\/p>\n<p>It&#39;s nice making a plan, being patient and waiting for it to play out.<\/p>\n<p>My spot longs are up over 20% and I&#39;ve just been laddering out small amounts on the way up.<\/p>\n<p>Could potentially see a pullback here from 8540&#39;s. Top Goon X showing a decrease in momentum on LTFs <a href=\"https:\/\/t.co\/X7jaNEhvO1\" rel=\"nofollow\">https:\/\/t.co\/X7jaNEhvO1<\/a> <a href=\"https:\/\/t.co\/AzdS1VArDs\" rel=\"nofollow\">pic.twitter.com\/AzdS1VArDs<\/a><\/p>\n<p>&mdash; Nebraskangooner (@Nebraskangooner) <a href=\"https:\/\/twitter.com\/Nebraskangooner\/status\/99222784?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 14, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>And lastly, this move has seen the cryptocurrency approach both horizontal and diagonal resistance levels around the $8,400 to $8,600 range.<\/p>\n<p>Yes, BTC is currently above some key levels of resistance that have constrained price action for the past few months. However, Bitcoin&#8217;s price remains under some levels and there is still a while before the cryptocurrency can convert these resistances into a support, as there are still 20 hours left in this trading day to go.<\/p>\n<h2><strong>Room To Run<\/strong><\/h2>\n<p>Although a bearish reversal to normalize the sentiment may be inevitable, there may be some room to run before the potential sell-off that will transpire.<\/p>\n<p>Full-time trader Cold Blooded Shiller\u00a0<a href=\"https:\/\/twitter.com\/ColdBloodShill\/status\/04321281\" target=\"_blank\" data-wpel-link=\"exclude\" rel=\"follow noopener noreferrer nofollow\">noted<\/a> that this latest move has allowed Bitcoin to decisively break out of a pennant chart pattern. This breakout suggests BTC will rally another 3% in the coming days towards $8,800 in a best-case scenario.<\/p>\n<p>Also, Joe McCann noticed that with BTC breaking above an ascending triangle and with a bullish crossover forming between two key moving averages, a move to $8,800 could be had.<\/p>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/uniquehot.com\/2020\/01\/12\/late-night-host-exposed-millions-bitcoin\/\" data-wpel-link=\"internal\">This Late Night Host Just Exposed Millions to Bitcoin, Again<\/a><\/h6>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has seen buyers decisively step in, pushing BTC 6% higher to a high of $5,880 established just minutes ago as of the time of writing this article. Related Reading:\u00a0Ethereum\u2019s Price Chart Just Printed This Extremely Bullish Signal While this move has been decisively bullish, pushing Bitcoin above key resistance levels in and around $8,400 and denying the chance for the chart to form a lower higher or double top, analysts are worried that a retracement may soon follow. Here are a number of reasons why. Three Reasons Why Bitcoin&#8217;s Rally May Retrace Firstly, as noted by cryptocurrency trader &#8220;CryptoISO,&#8221; the BitMEX funding rate has forayed well into the positive territory, with long position holders now paying a relatively large fee to short positions holders. Been a while funding. pic.twitter.com\/P7JdHv3szO &mdash; CryptoISO (@crypto_iso) January 14, 2020 While not a decisively bearish sign, former Wall Street analyst turned Bitcoin trader and educator Tone Vays said in a recent edition of his Youtube cryptocurrency market analyses that the negative funding rate in the BTC market has him worried about a potential retracement. Secondly, NebraskanGooner, a prominent cryptocurrency trader and founder of industry exchange Level, recently noted that his proprietary indicator (Top Goon X) recently printed a sell signal on the six-hour candle containing Bitcoin&#8217;s surge from $8,100 to $8,580. This indicator has been relatively strong over the past few months, issuing long signals in the drops to the $6,000s at the end of November and the middle of December, preceding massive 15% to 25% moves higher that would have benefited swing traders. #Bitcoin It&#39;s nice making a plan, being patient and waiting for it to play out. My spot longs are up over 20% and I&#39;ve just been laddering out small amounts on the way up. Could potentially see a pullback here from 8540&#39;s. Top Goon X showing a decrease in momentum on LTFs https:\/\/t.co\/X7jaNEhvO1 pic.twitter.com\/AzdS1VArDs &mdash; Nebraskangooner (@Nebraskangooner) January 14, 2020 And lastly, this move has seen the cryptocurrency approach both horizontal and diagonal resistance levels around the $8,400 to $8,600 range. Yes, BTC is currently above some key levels of resistance that have constrained price action for the past few months. However, Bitcoin&#8217;s price remains under some levels and there is still a while before the cryptocurrency can convert these resistances into a support, as there are still 20 hours left in this trading day to go. Room To Run Although a bearish reversal to normalize the sentiment may be inevitable, there may be some room to run before the potential sell-off that will transpire. Full-time trader Cold Blooded Shiller\u00a0noted that this latest move has allowed Bitcoin to decisively break out of a pennant chart pattern. This breakout suggests BTC will rally another 3% in the coming days towards $8,800 in a best-case scenario. Also, Joe McCann noticed that with BTC breaking above an ascending triangle and with a bullish crossover forming between two key moving averages, a move to $8,800 could be had. Related Reading:\u00a0This Late Night Host Just Exposed Millions to Bitcoin, Again Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":409033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[166,428,2887],"class_list":["post-410871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis-2","tag-bitcoin","tag-market"],"acf":[],"yoast_head":"\n<title>3 Reasons Why Bitcoin&#039;s Rally to $8,500 May Soon End<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has\" \/>\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\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Reasons Why Bitcoin&#039;s Rally to $8,500 May Soon End\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\" \/>\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=\"2020-01-14T05:18:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:40:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\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\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End\",\"datePublished\":\"2020-01-14T05:18:30+00:00\",\"dateModified\":\"2024-06-11T13:40:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\"},\"wordCount\":470,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"analysis\",\"bitcoin\",\"market\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\",\"url\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\",\"name\":\"3 Reasons Why Bitcoin's Rally to $8,500 May Soon End\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2020-01-14T05:18:30+00:00\",\"dateModified\":\"2024-06-11T13:40:27+00:00\",\"description\":\"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End\"}]},{\"@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\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/uniquehot.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"3 Reasons Why Bitcoin's Rally to $8,500 May Soon End","description":"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has","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\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","og_locale":"en_US","og_type":"article","og_title":"3 Reasons Why Bitcoin's Rally to $8,500 May Soon End","og_description":"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has","og_url":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-01-14T05:18:30+00:00","article_modified_time":"2024-06-11T13:40:27+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/"},"author":{"name":"Nick Chong","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End","datePublished":"2020-01-14T05:18:30+00:00","dateModified":"2024-06-11T13:40:27+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/"},"wordCount":470,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","keywords":["analysis","bitcoin","market"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","url":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","name":"3 Reasons Why Bitcoin's Rally to $8,500 May Soon End","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","datePublished":"2020-01-14T05:18:30+00:00","dateModified":"2024-06-11T13:40:27+00:00","description":"Bitcoin (BTC) has absolutely ripped higher over the past few hours. Since the daily candle closed at 23:59 (UTC) on Monday, the leading cryptocurrency has","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End"}]},{"@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\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/uniquehot.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End","url":"http:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/3-reasons-why-bitcoins-rally-8500-may-soon-end\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analysis","bitcoin","market"],"dateCreated":"2020-01-14T05:18:30Z","datePublished":"2020-01-14T05:18:30Z","dateModified":"2024-06-11T13:40:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"3 Reasons Why Bitcoin&#8217;s Rally to $8,500 May Soon End\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/3-reasons-why-bitcoins-rally-8500-may-soon-end\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/3-reasons-why-bitcoins-rally-8500-may-soon-end\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/shutterstock_395010490-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analysis\",\"bitcoin\",\"market\"],\"dateCreated\":\"2020-01-14T05:18:30Z\",\"datePublished\":\"2020-01-14T05:18:30Z\",\"dateModified\":\"2024-06-11T13:40:27Z\"}<\/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\/12\/shutterstock_395010490-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/410871"}],"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\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=410871"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/410871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/409033"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=410871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=410871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=410871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}