{"id":559478,"date":"2023-11-07T15:00:02","date_gmt":"2023-11-07T15:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=559478"},"modified":"2024-06-11T08:07:47","modified_gmt":"2024-06-11T08:07:47","slug":"bitcoin-headed-towards-20-decline-based-pattern","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/","title":{"rendered":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern"},"content":{"rendered":"

Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.<\/p>\n

Aggregated Open Interest Of Assets Except Bitcoin Is Forming A Bearish Pattern<\/h2>\n

In a new post<\/a> on X, CryptoQuant Netherlands community manager Maartunn has talked about a bearish pattern forming in the aggregated open interest of all cryptocurrencies except Bitcoin.<\/p>\n

The “open interest<\/a>” here refers to an indicator that measures the total amount of derivative positions (in USD) that are open on all exchanges around the world right now.<\/p>\n

Related Reading: XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings<\/a><\/div>\n

When the value of this metric is high for any cryptocurrency, it means that the asset has a high number of positions on the derivative market currently. Generally, this kind of trend makes it more probable for the price to show volatile moves.<\/p>\n

On the other hand, low values imply the derivative side of the coin in question is cool at the moment, which may suggest a relative period of calmness for the price.<\/p>\n

In the context of the current discussion, the aggregated open interest of all cryptocurrencies excluding Bitcoin is of interest. The below chart shows the trend in this indicator over the past couple of years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of the metric has been rising in recent days | Source: @JA_Maartun on X<\/a><\/pre>\n
In the graph, Maartunn has highlighted an interesting pattern that the aggregated open interest of the altcoins and the Bitcoin price has followed in the last two years.<\/p>\n
It would appear that whenever the indicator’s value has crossed the $12.2 billion mark, the BTC price has observed a top<\/a> formation and has subsequently registered a decline. According to the analyst, this drawdown that has followed the pattern has always been at least 20%.<\/p>\n
Just this year, the tops of the cryptocurrency’s price observed in February, April, and July all occurred during periods where the metric was above the $12.2 billion level.<\/p>\n
From the chart, it’s visible that the aggregated open interest of the sector excluding BTC once again crossed above this line of historical significance back when the asset’s rally toward the current levels first happened.<\/p>\n
Since then, the metric has only continued to climb higher and has now hit the $13.8 billion mark, meaning that the derivative market has become quite overheated now.<\/p>\n
Related Reading: Bitcoin Has Just Cleared A Level That Historically Lead To Rallies Of 99%+<\/a><\/div>\n
If the pattern that Bitcoin has displayed in the past is anything to refer to, then the asset may be fast approaching the top right now, given the overheated altcoin open interest.<\/p>\n
As another analyst<\/a> has pointed out on X, the dominance of the futures<\/a> open interest made up for by assets other than Bitcoin and Ethereum has also hit 2023 highs.<\/p>\n
\"Altcoin<\/p>\n
The metric's value appears to have gone up in the last few days | Source: @WClementelll<\/a><\/pre>\n
This once again puts into perspective the overheated status of the market, which could end dangerously for Bitcoin as well as the rest of the cryptocurrency sector.<\/p>\n
BTC Price<\/h2>\n
Bitcoin had made another go at $35,000 in the last two days, but the asset has now once again slipped below the level as it’s now trading around $34,700.<\/p>\n
\"Bitcoin<\/p>\n
BTC has plunged during the past day | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Shutterstock.com, charts from TradingView.com, Coinalyze.net<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by. Aggregated Open Interest Of Assets Except Bitcoin Is Forming A Bearish Pattern In a new post on X, CryptoQuant Netherlands community manager Maartunn has talked about a bearish pattern forming in the aggregated open interest of all cryptocurrencies except Bitcoin. The “open interest” here refers to an indicator that measures the total amount of derivative positions (in USD) that are open on all exchanges around the world right now. Related Reading: XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings When the value of this metric is high for any cryptocurrency, it means that the asset has a high number of positions on the derivative market currently. Generally, this kind of trend makes it more probable for the price to show volatile moves. On the other hand, low values imply the derivative side of the coin in question is cool at the moment, which may suggest a relative period of calmness for the price. In the context of the current discussion, the aggregated open interest of all cryptocurrencies excluding Bitcoin is of interest. The below chart shows the trend in this indicator over the past couple of years: Looks like the value of the metric has been rising in recent days | Source: @JA_Maartun on X In the graph, Maartunn has highlighted an interesting pattern that the aggregated open interest of the altcoins and the Bitcoin price has followed in the last two years. It would appear that whenever the indicator’s value has crossed the $12.2 billion mark, the BTC price has observed a top formation and has subsequently registered a decline. According to the analyst, this drawdown that has followed the pattern has always been at least 20%. Just this year, the tops of the cryptocurrency’s price observed in February, April, and July all occurred during periods where the metric was above the $12.2 billion level. From the chart, it’s visible that the aggregated open interest of the sector excluding BTC once again crossed above this line of historical significance back when the asset’s rally toward the current levels first happened. Since then, the metric has only continued to climb higher and has now hit the $13.8 billion mark, meaning that the derivative market has become quite overheated now. Related Reading: Bitcoin Has Just Cleared A Level That Historically Lead To Rallies Of 99%+ If the pattern that Bitcoin has displayed in the past is anything to refer to, then the asset may be fast approaching the top right now, given the overheated altcoin open interest. As another analyst has pointed out on X, the dominance of the futures open interest made up for by assets other than Bitcoin and Ethereum has also hit 2023 highs. The metric’s value appears to have gone up in the last few days | Source: @WClementelll This once again puts into perspective the overheated status of the market, which could end dangerously for Bitcoin as well as the rest of the cryptocurrency sector. BTC Price Bitcoin had made another go at $35,000 in the last two days, but the asset has now once again slipped below the level as it’s now trading around $34,700. BTC has plunged during the past day | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, Coinalyze.net<\/p>\n","protected":false},"author":542,"featured_media":559502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,89831,88653,1119,1144,86077],"class_list":["post-559478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-drawdown","tag-bitcoin-pattern","tag-btc","tag-btcusd","tag-crypto-open-interest"],"acf":[],"yoast_head":"\nBitcoin May Be Headed Towards 20%+ Decline Based On This Pattern<\/title>\n<meta name=\"description\" content=\"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.\" \/>\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-headed-towards-20-decline-based-pattern\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern\" \/>\n<meta property=\"og:description\" content=\"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\" \/>\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=\"2023-11-07T15:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:07:47+00:00\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern\",\"datePublished\":\"2023-11-07T15:00:02+00:00\",\"dateModified\":\"2024-06-11T08:07:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\"},\"wordCount\":530,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506\",\"keywords\":[\"bitcoin\",\"Bitcoin Drawdown\",\"Bitcoin Pattern\",\"btc\",\"btcusd\",\"crypto open interest\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\",\"name\":\"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506\",\"datePublished\":\"2023-11-07T15:00:02+00:00\",\"dateModified\":\"2024-06-11T08:07:47+00:00\",\"description\":\"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506\",\"width\":6236,\"height\":3506,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern","description":"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.","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-headed-towards-20-decline-based-pattern\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern","og_description":"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-07T15:00:02+00:00","article_modified_time":"2024-06-11T08:07:47+00:00","author":"Keshav Verma","twitter_card":"summary_large_image","twitter_image":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern","datePublished":"2023-11-07T15:00:02+00:00","dateModified":"2024-06-11T08:07:47+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/"},"wordCount":530,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","keywords":["bitcoin","Bitcoin Drawdown","Bitcoin Pattern","btc","btcusd","crypto open interest"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/","name":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","datePublished":"2023-11-07T15:00:02+00:00","dateModified":"2024-06-11T08:07:47+00:00","description":"Bitcoin could see a decline of at least 20% in the near future, if the historical pattern of this indicator is anything to go by.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","width":6236,"height":3506,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern","url":"http:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-headed-towards-20-decline-based-pattern\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin drawdown","bitcoin pattern","btc","btcusd","crypto open interest"],"dateCreated":"2023-11-07T15:00:02Z","datePublished":"2023-11-07T15:00:02Z","dateModified":"2024-06-11T08:07:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin May Be Headed Towards 20%+ Decline Based On This Pattern\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-headed-towards-20-decline-based-pattern\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-headed-towards-20-decline-based-pattern\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_2214995821.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/shutterstock_2214995821.jpg?fit=6236%2C3506\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin drawdown\",\"bitcoin pattern\",\"btc\",\"btcusd\",\"crypto open interest\"],\"dateCreated\":\"2023-11-07T15:00:02Z\",\"datePublished\":\"2023-11-07T15:00:02Z\",\"dateModified\":\"2024-06-11T08:07:47Z\"}<\/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\/2023\/11\/shutterstock_2214995821.jpg?fit=6236%2C3506","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/559478"}],"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\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=559478"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/559478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/559502"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=559478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=559478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=559478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}