{"id":466039,"date":"2021-06-22T13:52:02","date_gmt":"2021-06-22T13:52:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=466039"},"modified":"2024-06-11T13:56:32","modified_gmt":"2024-06-11T13:56:32","slug":"bitcoin-price-breaks-below-30000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-breaks-below-30000\/","title":{"rendered":"Bitcoin Price Breaks Below $30,000 Support, Erasing 2021 Rally"},"content":{"rendered":"

Bitcoin price<\/a> is now below $30,000 for the first time since making the 2021 rally now a memory. The leading cryptocurrency by market cap first opened the year at around $28,800 \u2013 a price just touched during today’s crypto market bloodbath.<\/p>\n

\"2021<\/p>\n

The entire 2021 is now gone in a flash | BTCUSD on TradingView.com<\/a><\/pre>\n
Bitcoin Price Breaks Below $30,000<\/h2>\n
Bitcoin price<\/a> is now back where it started in what had previously been its most bullish year on record, putting the greater bull rally at risk of turning full blown bear market if things trend any lower.<\/p>\n
The downtrend has been sharp and fast, cutting crypto prices in half within just one month and setting one of the worst monthly closes on record.<\/p>\n
Related Reading | The Missing Ingredient From A Full On Bitcoin Reversal<\/a><\/strong><\/em><\/p>\n
Bitcoin took a 50% loss while altcoins have dropped more than 70% in many cases. Sentiment turning so negative<\/a> and an influx of coins reaching exchanges has now led to Bitcoin price plunging below $30,000 for the first time in 2021.\"bitcoin<\/p>\n
Only a nasty gravestone doji is left on the 12-month | BTCUSD on TradingView.com<\/a><\/pre>\n
2021 Crypto Rally Now Erased, Has The Bull Market Concluded?<\/h2>\n
The leading cryptocurrency by market cap more than doubled in the first quarter of the year. The rally came to a climax just as Coinbase Global went public on the Nasdaq<\/a> and crypto market exuberance was at its highest. Markets tend to reverse when participants least expect it, and money is being made easily.<\/p>\n
Related Reading | Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum<\/a><\/em><\/strong><\/p>\n
Everything was going great for crypto \u2013 Elon Musk was about to host Saturday Night Live, but then the rug was pulled on investors. The selloff has also resulted in one of the ugliest yearly candles in the history of Bitcoin.<\/p>\n
The current candle is a gravestone doji<\/a>, which as the name sounds, can have deadly consequences. However, bulls still have five full months left in the year to make sure this bearish signal isn’t left behind.<\/p>\n
\"bitcoin<\/p>\n
Could there be a similar reaction as the historic \"China pump\"? | BTCUSD on TradingView.com<\/a><\/pre>\n
Bitcoin price action, sentiment, and market structure all exhibit similarities<\/a> to the last time the crypto market took a short-term pause. If something similar were to play out, with lows now swept and panic in the air, a bounce could be imminent.<\/p>\n
That doesn’t necessarily mean the downtrend is over, as the rest of the pattern shows. But with $30,000 now broken and the market in extreme fear, anything is possible. A lack of short positions does suggest a squeeze similar to the last time around<\/a> isn’t as likely, but there’s still time for bulls to prove that the bull market isn’t quite over yet.<\/p>\n
Featured image by iStock Photos, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is now below $30,000 for the first time since making the 2021 rally now a memory. The leading cryptocurrency by market cap first opened the year at around $28,800 \u2013 a price just touched during today’s crypto market bloodbath. The entire 2021 is now gone in a flash | BTCUSD on TradingView.com Bitcoin Price Breaks Below $30,000 Bitcoin price is now back where it started in what had previously been its most bullish year on record, putting the greater bull rally at risk of turning full blown bear market if things trend any lower. The downtrend has been sharp and fast, cutting crypto prices in half within just one month and setting one of the worst monthly closes on record. Related Reading | The Missing Ingredient From A Full On Bitcoin Reversal Bitcoin took a 50% loss while altcoins have dropped more than 70% in many cases. Sentiment turning so negative and an influx of coins reaching exchanges has now led to Bitcoin price plunging below $30,000 for the first time in 2021. Only a nasty gravestone doji is left on the 12-month | BTCUSD on TradingView.com 2021 Crypto Rally Now Erased, Has The Bull Market Concluded? The leading cryptocurrency by market cap more than doubled in the first quarter of the year. The rally came to a climax just as Coinbase Global went public on the Nasdaq and crypto market exuberance was at its highest. Markets tend to reverse when participants least expect it, and money is being made easily. Related Reading | Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum Everything was going great for crypto \u2013 Elon Musk was about to host Saturday Night Live, but then the rug was pulled on investors. The selloff has also resulted in one of the ugliest yearly candles in the history of Bitcoin. The current candle is a gravestone doji, which as the name sounds, can have deadly consequences. However, bulls still have five full months left in the year to make sure this bearish signal isn’t left behind. Could there be a similar reaction as the historic “China pump”? | BTCUSD on TradingView.com Bitcoin price action, sentiment, and market structure all exhibit similarities to the last time the crypto market took a short-term pause. If something similar were to play out, with lows now swept and panic in the air, a bounce could be imminent. That doesn’t necessarily mean the downtrend is over, as the rest of the pattern shows. But with $30,000 now broken and the market in extreme fear, anything is possible. A lack of short positions does suggest a squeeze similar to the last time around isn’t as likely, but there’s still time for bulls to prove that the bull market isn’t quite over yet. Featured image by iStock Photos, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":466049,"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":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-466039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Breaks Below $30,000 Support, Erasing 2021 Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin price is now below $30,000 for the first time since making the 2021 rally now a memory. 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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 Breaks Below $30,000 Support, Erasing 2021 Rally","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-breaks-below-30000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-breaks-below-30000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/bitcoin-price-blood-biStock-1289583115.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/bitcoin-price-blood-biStock-1289583115.jpeg?fit=1254%2C836"},"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","crypto","xbt","xbtusd"],"dateCreated":"2021-06-22T13:52:02Z","datePublished":"2021-06-22T13:52:02Z","dateModified":"2024-06-11T13:56:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Breaks Below $30,000 Support, Erasing 2021 Rally\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-breaks-below-30000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-breaks-below-30000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/bitcoin-price-blood-biStock-1289583115.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/bitcoin-price-blood-biStock-1289583115.jpeg?fit=1254%2C836\"},\"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\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-06-22T13:52:02Z\",\"datePublished\":\"2021-06-22T13:52:02Z\",\"dateModified\":\"2024-06-11T13:56:32Z\"}<\/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\/2021\/06\/bitcoin-price-blood-biStock-1289583115.jpeg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466039"}],"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=466039"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/466049"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=466039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=466039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=466039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}