{"id":523839,"date":"2023-03-20T20:00:42","date_gmt":"2023-03-20T20:00:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=523839"},"modified":"2024-06-11T09:22:19","modified_gmt":"2024-06-11T09:22:19","slug":"bitcoin-shows-35-8-weekly-gains-why-top-near","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/","title":{"rendered":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near"},"content":{"rendered":"

Bitcoin closed the past week with returns of about 35.8%; here’s what has happened historically when the asset’s price has performed similarly.<\/p>\n

Bitcoin Registered 35.8% Gains During The Past Week<\/h2>\n

BTC has continued its strong upwards momentum recently, with the last week being one of the best-performing weeks in the history of the cryptocurrency as the coin managed to close it is 35.8% in the green.<\/p>\n

According to the latest weekly report from Glassnode<\/a>, only 16 trading days since 2015 have seen larger 7-day gains than the latest rally, showing how rare and special such price surges have been.<\/p>\n

Here is a chart that shows the data for the 7-day price performance of Bitcoin since the year 2015:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the value of this metric has been pretty high in recent days | Source: Glassnode's The Week Onchain - Week 12, 2023<\/a><\/pre>\n
In the above graph, Glassnode has highlighted (in orange) the previous instances for Bitcoin where the price showed stronger 7-day percent returns than the latest one.<\/p>\n
It seems like the last time BTC saw a higher amount of 7-day gains was when the bull run<\/a> of the first half of 2021 was almost at its top. Similarly, multiple days with this trend were observed at the top of the 2017 bull run.<\/p>\n
Related Reading: Shiba Inu Sees Outflow Of $270 Million From Crypto.com, Bullish Sign?<\/a><\/div>\n
The chart shows that these Bitcoin bull runs also saw an instance of this trend when the rally was still on its way up but had nonetheless entered the late stages.<\/p>\n
A couple of occurrences of higher 7-day returns were also observed during the rally that took place back in April 2019<\/a>. This mini-bull rally shares many similarities with the current one, as it also pulled BTC out of the bear market lows.<\/p>\n
The first trend instance was seen in the latter half of this rally, while the second was observed right at the top, much like during the bull runs of 2017 and 2021.<\/p>\n
All these occurrences suggest that Bitcoin has generally only seen days with such strong 7-day percentage returns when a bull rally has entered its late stages.<\/p>\n
One clear exception to this, however, took place way back in 2015, when the end of the bear market<\/a> of that cycle saw such returns, but the buildup towards the bull rally was only in its early phases then.<\/p>\n
If the current market is comparable to all these previous bull rallies, then the 35.8% returns that Bitcoin observed in the past week may mean that a top is near, or at least the rally has entered its late stages.<\/p>\n
Related Reading: Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks<\/a><\/div>\n
Naturally, a different trend is still not out of the realm of possibility, as the instance at the end of the 2015 bear market already showed. However, it’s still true that such a trend hasn’t been repeated all these years since then.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $27,900, up 16% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC seems to have dipped below $28,000 | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin closed the past week with returns of about 35.8%; here’s what has happened historically when the asset’s price has performed similarly. Bitcoin Registered 35.8% Gains During The Past Week BTC has continued its strong upwards momentum recently, with the last week being one of the best-performing weeks in the history of the cryptocurrency as the coin managed to close it is 35.8% in the green. According to the latest weekly report from Glassnode, only 16 trading days since 2015 have seen larger 7-day gains than the latest rally, showing how rare and special such price surges have been. Here is a chart that shows the data for the 7-day price performance of Bitcoin since the year 2015: Looks like the value of this metric has been pretty high in recent days | Source: Glassnode’s The Week Onchain – Week 12, 2023 In the above graph, Glassnode has highlighted (in orange) the previous instances for Bitcoin where the price showed stronger 7-day percent returns than the latest one. It seems like the last time BTC saw a higher amount of 7-day gains was when the bull run of the first half of 2021 was almost at its top. Similarly, multiple days with this trend were observed at the top of the 2017 bull run. Related Reading: Shiba Inu Sees Outflow Of $270 Million From Crypto.com, Bullish Sign? The chart shows that these Bitcoin bull runs also saw an instance of this trend when the rally was still on its way up but had nonetheless entered the late stages. A couple of occurrences of higher 7-day returns were also observed during the rally that took place back in April 2019. This mini-bull rally shares many similarities with the current one, as it also pulled BTC out of the bear market lows. The first trend instance was seen in the latter half of this rally, while the second was observed right at the top, much like during the bull runs of 2017 and 2021. All these occurrences suggest that Bitcoin has generally only seen days with such strong 7-day percentage returns when a bull rally has entered its late stages. One clear exception to this, however, took place way back in 2015, when the end of the bear market of that cycle saw such returns, but the buildup towards the bull rally was only in its early phases then. If the current market is comparable to all these previous bull rallies, then the 35.8% returns that Bitcoin observed in the past week may mean that a top is near, or at least the rally has entered its late stages. Related Reading: Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks Naturally, a different trend is still not out of the realm of possibility, as the instance at the end of the 2015 bear market already showed. However, it’s still true that such a trend hasn’t been repeated all these years since then. BTC Price At the time of writing, Bitcoin is trading around $27,900, up 16% in the last week. BTC seems to have dipped below $28,000 | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":523845,"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":[428,87436,6481,84738,1119,1144],"class_list":["post-523839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-gains","tag-bitcoin-rally","tag-bitcoin-top","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near<\/title>\n<meta name=\"description\" content=\"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.\" \/>\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-shows-35-8-weekly-gains-why-top-near\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near\" \/>\n<meta property=\"og:description\" content=\"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\" \/>\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=\"2023-03-20T20:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:22:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1703\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near\",\"datePublished\":\"2023-03-20T20:00:42+00:00\",\"dateModified\":\"2024-06-11T09:22:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\"},\"wordCount\":497,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\",\"keywords\":[\"bitcoin\",\"Bitcoin Gains\",\"bitcoin rally\",\"Bitcoin top\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\",\"name\":\"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\",\"datePublished\":\"2023-03-20T20:00:42+00:00\",\"dateModified\":\"2024-06-11T09:22:19+00:00\",\"description\":\"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\",\"width\":2560,\"height\":1703,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.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:\/\/ktsl888.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near","description":"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.","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-shows-35-8-weekly-gains-why-top-near\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near","og_description":"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-03-20T20:00:42+00:00","article_modified_time":"2024-06-11T09:22:19+00:00","og_image":[{"width":2560,"height":1703,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near","datePublished":"2023-03-20T20:00:42+00:00","dateModified":"2024-06-11T09:22:19+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/"},"wordCount":497,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","keywords":["bitcoin","Bitcoin Gains","bitcoin rally","Bitcoin top","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/","name":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","datePublished":"2023-03-20T20:00:42+00:00","dateModified":"2024-06-11T09:22:19+00:00","description":"Bitcoin closed the past week with returns of about 35.8%; here's what has happened when the asset's price has performed similarly.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","width":2560,"height":1703,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.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:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near","url":"http:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-shows-35-8-weekly-gains-why-top-near\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin gains","bitcoin rally","bitcoin top","btc","btcusd"],"dateCreated":"2023-03-20T20:00:42Z","datePublished":"2023-03-20T20:00:42Z","dateModified":"2024-06-11T09:22:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-shows-35-8-weekly-gains-why-top-near\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-shows-35-8-weekly-gains-why-top-near\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin gains\",\"bitcoin rally\",\"bitcoin top\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-03-20T20:00:42Z\",\"datePublished\":\"2023-03-20T20:00:42Z\",\"dateModified\":\"2024-06-11T09:22:19Z\"}<\/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\/2023\/03\/kanchanara-7E3QGntO66M-unsplash-1-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/523839"}],"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\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=523839"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/523839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/523845"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=523839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=523839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=523839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}