{"id":406486,"date":"2019-12-07T12:00:43","date_gmt":"2019-12-07T12:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=406486"},"modified":"2024-06-11T07:31:57","modified_gmt":"2024-06-11T07:31:57","slug":"bitcoin-bull-narrative-strength-sell-signal-dissipates","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","title":{"rendered":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates"},"content":{"rendered":"<p>As<a href=\"https:\/\/ktsl888.com\/2019\/12\/02\/monthly-candle-close-signals-that-bitcoin-may-be-done-for-a-while\/\"> reported by NewsBTC just days ago<\/a>, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency&#8217;s price triggered a &#8220;sell&#8221; signal on the\u00a0<a href=\"https:\/\/www.marketgod.io\/\" target=\"_blank\" data-wpel-link=\"external\" rel=\"noopener noreferrer nofollow\">Market God v7 indicator<\/a>, designed by crypto analyst Thies. The analyst remarked that he designed the indicator to \u201celiminate\u201d emotion from his trading to instead rely on algorithm-driven signals and plans to \u201cshort the corn.\u201d<\/p>\n<p>This was seen as bearish, as the last time the indicator gave the signal was in April, which was prior to the move that took the price of Bitcoin from five digits to $3,150, before printing a buy signal near the bottom.<\/p>\n<p>Though, according to Thies&#8217; <a href=\"https:\/\/twitter.com\/KingThies\/status\/81575681\" rel=\"nofollow\">latest check of the indicator<\/a>, the &#8220;sell&#8221; signal has dissipated as bears have failed to continue to push lower the price of Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"qme\" dir=\"ltr\">\ud83d\udc40<a href=\"https:\/\/twitter.com\/search?q=%24BTCUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTCUSD<\/a> <a href=\"https:\/\/t.co\/Pm3l3HoE4r\" rel=\"nofollow\">pic.twitter.com\/Pm3l3HoE4r<\/a><\/p>\n<p>&mdash; Crypto Thies (@kingthies) <a href=\"https:\/\/twitter.com\/kingthies\/status\/81575681?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 7, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Importantly though, the Moving Average Convergence Divergence (MACD), which is a \u201ctrend-following momentum indicator that shows the relationship between two moving averages of a security\u2019s price\u201d (<a href=\"https:\/\/www.investopedia.com\/terms\/m\/macd.asp\" target=\"_blank\" data-wpel-link=\"exclude\" rel=\"follow noopener noreferrer nofollow\">Investopedia<\/a>), <a href=\"https:\/\/ktsl888.com\/2019\/12\/01\/bitcoin-price-november-close-long-term-sell\/\">remains in a bearish crossover formation<\/a> on the one-month Bitcoin chart.<\/p>\n<p class=\"svecc-content-banner-added\">The last time this took place was in May of 2018, prior to Bitcoin\u2019s extended bearish move from the $10,000s to the $3,000 in the seven-odd months that followed.<\/p>\n<p>Regardless, the disappearance of Thies&#8217; &#8220;sell&#8221; signal on the one-month suggests that bulls are starting to gain strength on a macro level once again, presumably in anticipation of the Bitcoin halving of May 2020.<\/p>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/ktsl888.com\/2019\/12\/05\/bitcoin-cme-futures-gaps-are-filled-with-95-certainty-but-trading-them-is-risky\/\" data-wpel-link=\"internal\">Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky<\/a><\/h6>\n<h2><strong>Bitcoin Bulls Gaining Strength<\/strong><\/h2>\n<p>Thies&#8217; signal, or lack thereof rather, seems to show that a bullish confluence is building for Bitcoin investors.<\/p>\n<p>On Friday, Hans Hauge, a senior quantitative researcher at Los Angeles-based crypto fund Ikigai Asset Management, issued an extensive Twitter thread on why Bitcoin&#8217;s outlook remains <a href=\"https:\/\/ktsl888.com\/2019\/12\/06\/researcher-bitcoin-still-alive-well-price-uptrend\/\">wildly positive heading out years into the future.<\/a><\/p>\n<p>https:\/\/twitter.com\/hansthered\/status\/76351232<\/p>\n<p>First, he looked to a <a href=\"https:\/\/www.dbresearch.com\/PROD\/RPS_EN-PROD\/PROD0000000000503196\/Imagine_2030.pdf\" rel=\"nofollow\">recent analysis<\/a> from Deutsche Bank, in which the global banking giant estimated that the number of users of Blockchain Wallet (blockchain.com) could surmount over 200 million \u2014 around six times higher than where the sum currently is \u2014 by 2030. (The same report also included an opinion from a Deutsche Bank analyst, who said that Bitcoin could replace fiat should issues\u00a0<em>persist<\/em>\u00a0in the financial system.)<\/p>\n<p>Secondly, he quipped that the (former) chief executive of Bitcoin exchange and infrastructure firm Bakkt is now a sitting U.S. Senator.<\/p>\n<p>And lastly, he noted that BTC is &#8220;actually pretty close to where it should be,\u201d in reference to a model that takes the number of \u201cBitcoin transactions ever confirmed and use that as an input into a log-scale linear regression model.\u201d<\/p>\n<h6 style=\"text-align: center\">Related Reading:\u00a0<a href=\"https:\/\/ktsl888.com\/2019\/12\/06\/over-5-billion-worth-bitcoin-moved-minutes-what-happened\/\" data-wpel-link=\"internal\">Over $5 Billion Worth of Bitcoin Moved in Minutes; What Happened?<\/a><\/h6>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency&#8217;s price triggered a &#8220;sell&#8221; signal on the\u00a0Market God v7 indicator, designed by crypto analyst Thies. The analyst remarked that he designed the indicator to \u201celiminate\u201d emotion from his trading to instead rely on algorithm-driven signals and plans to \u201cshort the corn.\u201d This was seen as bearish, as the last time the indicator gave the signal was in April, which was prior to the move that took the price of Bitcoin from five digits to $3,150, before printing a buy signal near the bottom. Though, according to Thies&#8217; latest check of the indicator, the &#8220;sell&#8221; signal has dissipated as bears have failed to continue to push lower the price of Bitcoin. \ud83d\udc40$BTCUSD pic.twitter.com\/Pm3l3HoE4r &mdash; Crypto Thies (@kingthies) December 7, 2019 Importantly though, the Moving Average Convergence Divergence (MACD), which is a \u201ctrend-following momentum indicator that shows the relationship between two moving averages of a security\u2019s price\u201d (Investopedia), remains in a bearish crossover formation on the one-month Bitcoin chart. The last time this took place was in May of 2018, prior to Bitcoin\u2019s extended bearish move from the $10,000s to the $3,000 in the seven-odd months that followed. Regardless, the disappearance of Thies&#8217; &#8220;sell&#8221; signal on the one-month suggests that bulls are starting to gain strength on a macro level once again, presumably in anticipation of the Bitcoin halving of May 2020. Related Reading:\u00a0Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky Bitcoin Bulls Gaining Strength Thies&#8217; signal, or lack thereof rather, seems to show that a bullish confluence is building for Bitcoin investors. On Friday, Hans Hauge, a senior quantitative researcher at Los Angeles-based crypto fund Ikigai Asset Management, issued an extensive Twitter thread on why Bitcoin&#8217;s outlook remains wildly positive heading out years into the future. https:\/\/twitter.com\/hansthered\/status\/76351232 First, he looked to a recent analysis from Deutsche Bank, in which the global banking giant estimated that the number of users of Blockchain Wallet (blockchain.com) could surmount over 200 million \u2014 around six times higher than where the sum currently is \u2014 by 2030. (The same report also included an opinion from a Deutsche Bank analyst, who said that Bitcoin could replace fiat should issues\u00a0persist\u00a0in the financial system.) Secondly, he quipped that the (former) chief executive of Bitcoin exchange and infrastructure firm Bakkt is now a sitting U.S. Senator. And lastly, he noted that BTC is &#8220;actually pretty close to where it should be,\u201d in reference to a model that takes the number of \u201cBitcoin transactions ever confirmed and use that as an input into a log-scale linear regression model.\u201d Related Reading:\u00a0Over $5 Billion Worth of Bitcoin Moved in Minutes; What Happened? Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":401503,"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":[166,428,62979,63054],"class_list":["post-406486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analysis-2","tag-bitcoin","tag-cryptothies","tag-market-god"],"acf":[],"yoast_head":"\n<title>Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates<\/title>\n<meta name=\"description\" content=\"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates\" \/>\n<meta property=\"og:description\" content=\"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\" \/>\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=\"2019-12-07T12:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"2001\" \/>\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:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates\",\"datePublished\":\"2019-12-07T12:00:43+00:00\",\"dateModified\":\"2024-06-11T07:31:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\"},\"wordCount\":473,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\",\"keywords\":[\"analysis\",\"bitcoin\",\"CryptoThies\",\"market god\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\",\"name\":\"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\",\"datePublished\":\"2019-12-07T12:00:43+00:00\",\"dateModified\":\"2024-06-11T07:31:57+00:00\",\"description\":\"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\",\"width\":3000,\"height\":2001},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.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:\/\/ktsl888.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates","description":"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the","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:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates","og_description":"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-12-07T12:00:43+00:00","article_modified_time":"2024-06-11T07:31:57+00:00","og_image":[{"width":3000,"height":2001,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","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:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/"},"author":{"name":"Nick Chong","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates","datePublished":"2019-12-07T12:00:43+00:00","dateModified":"2024-06-11T07:31:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/"},"wordCount":473,"commentCount":0,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","keywords":["analysis","bitcoin","CryptoThies","market god"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","name":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","datePublished":"2019-12-07T12:00:43+00:00","dateModified":"2024-06-11T07:31:57+00:00","description":"As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","width":3000,"height":2001},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.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:\/\/ktsl888.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates","url":"http:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-bull-narrative-strength-sell-signal-dissipates\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analysis","bitcoin","cryptothies","market god"],"dateCreated":"2019-12-07T12:00:43Z","datePublished":"2019-12-07T12:00:43Z","dateModified":"2024-06-11T07:31:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-bull-narrative-strength-sell-signal-dissipates\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-bull-narrative-strength-sell-signal-dissipates\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1383744248-e07.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analysis\",\"bitcoin\",\"cryptothies\",\"market god\"],\"dateCreated\":\"2019-12-07T12:00:43Z\",\"datePublished\":\"2019-12-07T12:00:43Z\",\"dateModified\":\"2024-06-11T07:31:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/10\/shutterstock_1383744248-e07.jpg?fit=3000%2C2001","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/406486"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=406486"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/406486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/401503"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=406486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=406486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=406486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}