{"id":614753,"date":"2023-03-05T10:35:00","date_gmt":"2023-03-05T16:35:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/05\/bitcoin-bears-are-likely-to-dominate-longer-traditional-markets-to-blame\/"},"modified":"2023-03-05T10:35:00","modified_gmt":"2023-03-05T16:35:00","slug":"bitcoin-bears-are-likely-to-dominate-longer-traditional-markets-to-blame","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/05\/bitcoin-bears-are-likely-to-dominate-longer-traditional-markets-to-blame\/","title":{"rendered":"Bitcoin Bears Are Likely To Dominate Longer: Traditional Markets To Blame?"},"content":{"rendered":"
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Bitcoin Bears Are Likely To Dominate Longer: Traditional Markets To Blame?<\/strong>” data-post-edit=”https:\/\/coinpedia.org\/wp-admin\/post.php?post=184592&action=edit” data-share-title=”%3Cstrong%3EBitcoin%20Bears%20Are%20Likely%20To%20Dominate%20Longer%3A%20Traditional%20Markets%20To%20Blame%3F%3C%2Fstrong%3E” data-share-link=”https:\/\/coinpedia.org\/price-analysis\/bitcoin-bears-are-likely-to-dominate-longer-traditional-markets-to-blame\/” data-share-image=”https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/06125447\/ARTICLE-IMAGES-85.png”><\/p>\n
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\"Bitcoin<\/figure>\n<\/div>\n
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Bitcoin displayed an unexpected move in the past few days by squashing the possibilities of reaching $30,000, enrouting through $25,000 initially and later at $28,000.<\/p>\n

However, the recent price plunge changed the entire scenario, as now the price is expected to revisit the support below $20,000 again.<\/p>\n

The price of Bitcoin dropped from the ascending triangle and eliminated the possibilities of a bullish reversal for some time, as the market may remain consolidated for an extended period.\u00a0<\/p>\n

Will the Bitcoin price continue to consolidate towards the south, or may a bullish push relieve the token from bearish influence?<\/p>\n

A popular analyst, DonAlt, tells<\/a> his 464.8K followers that the traditional financial markets, like stocks, may have a bearish impact on the Bitcoin price. According to him, the BTC price may flip the bearish trend once the traditional markets turn bullish.\u00a0<\/p>\n

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\u201cBTC is being dragged by the traditional markets but refusing to make a new lows while the S&P [stock index] is bleeding out.\u00a0The moment the traditional markets bounce, I\u2019m expecting a massive outperforming green candle from BTC,\u201d\u00a0<\/p>\n<\/blockquote>\n

The analyst further updated that, in the times when the BTC price traded flat, the traditional markets rallied big. He also notes that BTC\u2019s less-than-stellar reaction to the stock market bounce is not \u201coptimal.\u201d\u00a0<\/p>\n

Meanwhile, another popular analyst, Altcoin Sherpa<\/a> has also laid down the possibilties of an extended bear winter.\u00a0<\/p>\n

\u201cBTC: some mark the top as May 2021. Others mark it at November 2021. Either way, it\u2019s been a long time during this Bitcoin bear market.\u00a0<\/p>\n

And there\u2019s likely to be much longer before BTC price truly \u2018bottom\u2019s out\u2019.<\/p>\n<\/div>\n

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Was this writing helpful?<\/h4>\n

No<\/span> Yes<\/span><\/h5>\n<\/div>\n
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\"Photo <\/a><\/p>\n

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Sahana Vibhute<\/a><\/h3>\n

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Sahana Vibhute<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":614754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[813,4041,534],"tags":[],"class_list":{"0":"post-614753","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bears","8":"category-bitcoin","9":"category-financial"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/614753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=614753"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/614753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/614754"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=614753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=614753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=614753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}