{"id":483076,"date":"2022-02-07T22:00:33","date_gmt":"2022-02-07T22:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=483076"},"modified":"2024-06-11T14:11:17","modified_gmt":"2024-06-11T14:11:17","slug":"bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","title":{"rendered":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail"},"content":{"rendered":"<p>Bitcoin is back on the green side across the board with important gains on lower timeframes. The benchmark crypto managed to push away from the high area around $30,000, taking off deep into the $40,000 territory.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/is-the-bitcoin-bottom-in-heres-what-sopr-data-says\/\" target=\"_blank\" rel=\"noopener \">Is The Bitcoin Bottom In? Here&#8217;s What SOPR Data Says<\/a><br \/>\n<\/strong><\/p>\n<p>As of press time, Bitcoin trades at $44,351 with a 6.4% profit in the last 24-hours.<\/p>\n<figure id=\"attachment_483091\" aria-describedby=\"caption-attachment-483091\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-483091 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-4.png?resize=860%2C386\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"386\"><figcaption id=\"caption-attachment-483091\" class=\"wp-caption-text\">BTC with important gains on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/9RiOT3fe\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>During today\u2019s trading session, BTC\u2019s price seems to be positively reacting to several bullish news, including the announcement made by accounting giant KPMG. The Canadian-based company added Bitcoin and Ethereum to its balance sheet boosting the case for crypto adoption.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Of all the institutions and high profile investors to go public on owning BTC in recent years, KPMG&#39;s announcement today is right at the top in terms of importance and credibility. Hard to overstate this one.<\/p>\n<p>&mdash; MacroScope (@MacroScope17) <a href=\"https:\/\/twitter.com\/MacroScope17\/status\/49470723?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On-chain analyst Jan W\u00fcstenfeld <a href=\"https:\/\/twitter.com\/JanWues\/status\/98937860?s=20&amp;t=Ji94Ad8jKUSphQCmxR6dOg\" target=\"_blank\" rel=\"noopener nofollow\">showed<\/a> the potential impact from the BTC purchase announcement. As seen below on the daily chart, BTC\u2019s price rose from $4,3700 and almost broke through the major resistance point at $45,000.<\/p>\n<figure id=\"attachment_483089\" aria-describedby=\"caption-attachment-483089\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-483089 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-3.jpg?resize=860%2C657\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"657\"><figcaption id=\"caption-attachment-483089\" class=\"wp-caption-text\">Source: Jan W\u00fcstenfeld via Twitter<\/figcaption><\/figure>\n<p>In addition, the U.S. Securities and Exchange Commission has green-lighted investment firm Valkyrie\u2019s Exchange Traded Fund (ETF) based on publicly traded Bitcoin mining companies. The investment product will start trading tomorrow, February 8<sup>th<\/sup>, and will allow for more institutional investors to gain indirect exposure to the underlying asset, BTC.<\/p>\n<p>In that sense, on-chain analyst Will Clemente <a href=\"https:\/\/twitter.com\/WClementeIII\/status\/48373250\" target=\"_blank\" rel=\"noopener nofollow\">recorded<\/a> an increase in whale accumulation over last week, when Bitcoin started to recover from a sustained downward trend which started on Q4, 2021. The analyst believes that BTC\u2019s price recent move to the upside could extend due to its strength making institutional investors attempt to capture some of the momenta:<\/p>\n<blockquote><p>Just as the move down gave no dead cat bounces or clean retests, this up move so far has given shallow dips and no clean retests, leaving sidelined capital sweating and potentially having to chase.<\/p><\/blockquote>\n<figure id=\"attachment_483088\" aria-describedby=\"caption-attachment-483088\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-483088 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-2.jpg?resize=860%2C484\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"484\"><figcaption id=\"caption-attachment-483088\" class=\"wp-caption-text\">Source: Glassnode via Will Clemente<\/figcaption><\/figure>\n<h2>Bitcoin Strengthens Bullish Fundamentals, $45K Holds The Key<\/h2>\n<p>In the short term, and as NewsBTC reported last week, Bitcoin seemed poised for a short squeeze. Investment firm QCP Capital supported a bullish case for BTC\u2019s price due to a brief pause in the macro-economic factor operating as a headwind for the cryptocurrency.<\/p>\n<p>On the top of the list, the <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/go-with-the-fed-why-bitcoin-could-benefit-from-interest-rate-hikes-in-2022\/\" target=\"_blank\" rel=\"noopener \">U.S. Federal Reserve, set to increase its interest rates, will go into a period of hibernation at least until mid-March<\/a>. Still, two days from now, the institution will release January 2022 Consumer Price Index (CPI) metrics.<\/p>\n<p>If the numbers are higher than expected the U.S. financial institutions could be incentivized to speed up their shift in monetary policy. In the past months, Bitcoin has reacted with volatility to the monthly CPI print.<\/p>\n<p>In addition, QCP Capital has recorded some \u201creal-buying\u201d for BTC as the rally continues beyond last week\u2019s options expiry. This suggests \u201csizable demand\u201d operating in the market. The firm added:<\/p>\n<blockquote><p>Crypto prices rallied even though NASDAQ traded lower towards the end of last week. We don&#8217;t think this means that crypto has necessarily decoupled from NASDAQ but this tells us there is tangible and targeted crypto demand right now.<\/p><\/blockquote>\n<p style=\"text-align: center\"><strong>Related Reading |<\/strong> <strong><a href=\"https:\/\/ktsl888.com\/news\/company\/what-exactly-can-you-do-with-nfts-how-to-buy-where-to-store-and-common-uses\/\" target=\"_blank\" rel=\"noopener \">What Exactly Can You Do With NFTs? How To Buy, Where to Store, and Common Uses<\/a><\/strong><\/p>\n<p>BTC futures are also showing signs of bullishness as funding rates for perpetual swaps have been trending into negative territory. As more traders open short positions, the likelihood of an extended short squeeze rise, QCP Capital said.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">9\/ The market is still very long gamma (short-tenor options) from the DOV strikes (BTC: 41,000-43000, ETH: 3,200). This would naturally cause some resistance up to around 45,000 in BTC and 3,400 in ETH (because market makers would be selling spot against the calls).<\/p>\n<p>&mdash; QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/68512000?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is back on the green side across the board with important gains on lower timeframes. The benchmark crypto managed to push away from the high area around $30,000, taking off deep into the $40,000 territory. Related Reading | Is The Bitcoin Bottom In? Here&#8217;s What SOPR Data Says As of press time, Bitcoin trades at $44,351 with a 6.4% profit in the last 24-hours. During today\u2019s trading session, BTC\u2019s price seems to be positively reacting to several bullish news, including the announcement made by accounting giant KPMG. The Canadian-based company added Bitcoin and Ethereum to its balance sheet boosting the case for crypto adoption. Of all the institutions and high profile investors to go public on owning BTC in recent years, KPMG&#39;s announcement today is right at the top in terms of importance and credibility. Hard to overstate this one. &mdash; MacroScope (@MacroScope17) February 7, 2022 On-chain analyst Jan W\u00fcstenfeld showed the potential impact from the BTC purchase announcement. As seen below on the daily chart, BTC\u2019s price rose from $4,3700 and almost broke through the major resistance point at $45,000. In addition, the U.S. Securities and Exchange Commission has green-lighted investment firm Valkyrie\u2019s Exchange Traded Fund (ETF) based on publicly traded Bitcoin mining companies. The investment product will start trading tomorrow, February 8th, and will allow for more institutional investors to gain indirect exposure to the underlying asset, BTC. In that sense, on-chain analyst Will Clemente recorded an increase in whale accumulation over last week, when Bitcoin started to recover from a sustained downward trend which started on Q4, 2021. The analyst believes that BTC\u2019s price recent move to the upside could extend due to its strength making institutional investors attempt to capture some of the momenta: Just as the move down gave no dead cat bounces or clean retests, this up move so far has given shallow dips and no clean retests, leaving sidelined capital sweating and potentially having to chase. Bitcoin Strengthens Bullish Fundamentals, $45K Holds The Key In the short term, and as NewsBTC reported last week, Bitcoin seemed poised for a short squeeze. Investment firm QCP Capital supported a bullish case for BTC\u2019s price due to a brief pause in the macro-economic factor operating as a headwind for the cryptocurrency. On the top of the list, the U.S. Federal Reserve, set to increase its interest rates, will go into a period of hibernation at least until mid-March. Still, two days from now, the institution will release January 2022 Consumer Price Index (CPI) metrics. If the numbers are higher than expected the U.S. financial institutions could be incentivized to speed up their shift in monetary policy. In the past months, Bitcoin has reacted with volatility to the monthly CPI print. In addition, QCP Capital has recorded some \u201creal-buying\u201d for BTC as the rally continues beyond last week\u2019s options expiry. This suggests \u201csizable demand\u201d operating in the market. The firm added: Crypto prices rallied even though NASDAQ traded lower towards the end of last week. We don&#8217;t think this means that crypto has necessarily decoupled from NASDAQ but this tells us there is tangible and targeted crypto demand right now. Related Reading | What Exactly Can You Do With NFTs? How To Buy, Where to Store, and Common Uses BTC futures are also showing signs of bullishness as funding rates for perpetual swaps have been trending into negative territory. As more traders open short positions, the likelihood of an extended short squeeze rise, QCP Capital said. 9\/ The market is still very long gamma (short-tenor options) from the DOV strikes (BTC: 41,000-43000, ETH: 3,200). This would naturally cause some resistance up to around 45,000 in BTC and 3,400 in ETH (because market makers would be selling spot against the calls). &mdash; QCP (@QCPgroup) February 7, 2022<\/p>\n","protected":false},"author":535,"featured_media":483078,"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],"class_list":["post-483076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail<\/title>\n<meta name=\"description\" content=\"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.\" \/>\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-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\" \/>\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=\"2022-02-07T22:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:11:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\" \/>\n\t<meta property=\"og:image:width\" content=\"1136\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\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-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail\",\"datePublished\":\"2022-02-07T22:00:33+00:00\",\"dateModified\":\"2024-06-11T14:11:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\"},\"wordCount\":606,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\",\"name\":\"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\",\"datePublished\":\"2022-02-07T22:00:33+00:00\",\"dateModified\":\"2024-06-11T14:11:17+00:00\",\"description\":\"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\",\"width\":1136,\"height\":599,\"caption\":\"Image by: R\u00e9mi Boudousqui\u00e9 - Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail\"}]},{\"@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\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/ktsl888.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail","description":"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.","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-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail","og_description":"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-02-07T22:00:33+00:00","article_modified_time":"2024-06-11T14:11:17+00:00","og_image":[{"width":1136,"height":599,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail","datePublished":"2022-02-07T22:00:33+00:00","dateModified":"2024-06-11T14:11:17+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/"},"wordCount":606,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","keywords":["bitcoin","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","name":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","datePublished":"2022-02-07T22:00:33+00:00","dateModified":"2024-06-11T14:11:17+00:00","description":"Bitcoin is back on the green side across the board with important gains on lower timeframes with everything lined up for more gains.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","width":1136,"height":599,"caption":"Image by: R\u00e9mi Boudousqui\u00e9 - Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail"}]},{"@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\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail","url":"http:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"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"],"dateCreated":"2022-02-07T22:00:33Z","datePublished":"2022-02-07T22:00:33Z","dateModified":"2024-06-11T14:11:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-on-track-to-50k-why-btc-whales-may-blaze-the-trail\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/Bitcoin-BTC-BTCUSD-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"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\"],\"dateCreated\":\"2022-02-07T22:00:33Z\",\"datePublished\":\"2022-02-07T22:00:33Z\",\"dateModified\":\"2024-06-11T14:11:17Z\"}<\/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\/2022\/02\/Bitcoin-BTC-BTCUSD-1.jpg?fit=1136%2C599","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/483076"}],"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\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=483076"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/483076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/483078"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=483076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=483076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=483076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}