{"id":461999,"date":"2021-04-23T02:07:28","date_gmt":"2021-04-23T02:07:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=461999"},"modified":"2024-06-11T09:33:03","modified_gmt":"2024-06-11T09:33:03","slug":"bitcoin-price-50000-btc-bulls","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-50000-btc-bulls\/","title":{"rendered":"Bitcoin Price Breakdown: Bulls In Trouble As $50,000 Is Lost"},"content":{"rendered":"

Bitcoin price<\/a> has been in free fall mode, plummeting sharply from $65,000 to now under $50,000 for the first time since March.<\/p>\n

Bitcoin Price Falls Under $50,000 Briefly<\/h2>\n

Bulls at the moment have pushed Bitcoin price back up more than $1,200 as orders at $50,000 filled for the first time in a month.<\/p>\n

Related Reading | Bitcoin Loses Important Lifeline That Got Bulls Blood Pumping<\/a><\/strong><\/em><\/p>\n

A recent proposal under US President Biden to increase capital gains tax for the wealthiest individuals has spooked markets.<\/p>\n

Combined with recent FUD surrounding the China hash rate decline<\/a> and potential coming regulatory and tax crackdown, the once hot cryptocurrency is now struggling.<\/p>\n

For now, bulls continue to insist on buying the dip considering how little time Bitcoin spent below the key psychological level before a decent bounce arrived.<\/p>\n

\"bitcoin<\/p>\n

Bitcoin price took a sharp dive below $50,000 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Is The Crypto Market In Jeopardy Due To Capital Gains Proposal?<\/h2>\n
Bulls will need to call in the calvary with how bearish things just turned from a sentiment standpoint. Technicals<\/a> have also started to turn for some time.<\/p>\n
Fundamentals such as strong hands and a decrease in BTC supply on exchanges has kept the uptrend climbing, but the capital gains FUD could get some coins moving.<\/p>\n
At the very least, some profit taking to cover off on what could be sizable capital gains for crypto investors<\/a> might occur and free up supply and weaken some of the stronger hands.<\/p>\n
Related Reading | Potential Island Reversal Leaves Bitcoin Bulls Stranded<\/a><\/strong><\/em><\/p>\n
Thus far, the market doesn’t like this proposal. However, it’s being done on purpose to slow down perceived dollar inflation, as these assets the dollar trades against have recently gone parabolic.<\/p>\n
All eyes will be on Bitcoin from here and if bulls can defend $50,000. Lose it, and the uptrend is in danger<\/a>.<\/p>\n
Featured image from Pixabay, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price has been in free fall mode, plummeting sharply from $65,000 to now under $50,000 for the first time since March. Bitcoin Price Falls Under $50,000 Briefly Bulls at the moment have pushed Bitcoin price back up more than $1,200 as orders at $50,000 filled for the first time in a month. Related Reading | Bitcoin Loses Important Lifeline That Got Bulls Blood Pumping A recent proposal under US President Biden to increase capital gains tax for the wealthiest individuals has spooked markets. Combined with recent FUD surrounding the China hash rate decline and potential coming regulatory and tax crackdown, the once hot cryptocurrency is now struggling. For now, bulls continue to insist on buying the dip considering how little time Bitcoin spent below the key psychological level before a decent bounce arrived. Bitcoin price took a sharp dive below $50,000 | Source: BTCUSD on TradingView.com Is The Crypto Market In Jeopardy Due To Capital Gains Proposal? Bulls will need to call in the calvary with how bearish things just turned from a sentiment standpoint. Technicals have also started to turn for some time. Fundamentals such as strong hands and a decrease in BTC supply on exchanges has kept the uptrend climbing, but the capital gains FUD could get some coins moving. At the very least, some profit taking to cover off on what could be sizable capital gains for crypto investors might occur and free up supply and weaken some of the stronger hands. Related Reading | Potential Island Reversal Leaves Bitcoin Bulls Stranded Thus far, the market doesn’t like this proposal. However, it’s being done on purpose to slow down perceived dollar inflation, as these assets the dollar trades against have recently gone parabolic. All eyes will be on Bitcoin from here and if bulls can defend $50,000. Lose it, and the uptrend is in danger. Featured image from Pixabay, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":452632,"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":[428,1119,1144,78790,4524,76835],"class_list":["post-461999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Breakdown: Bulls In Trouble As $50,000 Is Lost<\/title>\n<meta name=\"description\" content=\"Bitcoin price has been in free fall mode, plummeting sharply from $65,000 to now under $50,000 for the first time since March. 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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:\/\/ktsl888.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Breakdown: Bulls In Trouble As $50,000 Is Lost","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-50000-btc-bulls\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-50000-btc-bulls\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/bulls-2341110_1920.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/12\/bulls-2341110_1920.jpg?fit=1920%2C1280"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","xbt","xbtusd"],"dateCreated":"2021-04-23T02:07:28Z","datePublished":"2021-04-23T02:07:28Z","dateModified":"2024-06-11T09:33:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Breakdown: Bulls In Trouble As $50,000 Is Lost\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-50000-btc-bulls\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-50000-btc-bulls\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bulls-2341110_1920.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/bulls-2341110_1920.jpg?fit=1920%2C1280\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-04-23T02:07:28Z\",\"datePublished\":\"2021-04-23T02:07:28Z\",\"dateModified\":\"2024-06-11T09:33:03Z\"}<\/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\/2020\/12\/bulls-2341110_1920.jpg?fit=1920%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/461999"}],"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\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=461999"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/461999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/452632"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=461999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=461999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=461999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}