{"id":633362,"date":"2023-04-21T19:57:25","date_gmt":"2023-04-22T00:57:25","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/21\/bitcoins-correction-has-begun-when-can-we-expect-a-bullish-rebound\/"},"modified":"2023-04-21T19:57:25","modified_gmt":"2023-04-22T00:57:25","slug":"bitcoins-correction-has-begun-when-can-we-expect-a-bullish-rebound","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/21\/bitcoins-correction-has-begun-when-can-we-expect-a-bullish-rebound\/","title":{"rendered":"Bitcoin\u2019s Correction Has Begun; When Can We Expect a Bullish Rebound?"},"content":{"rendered":"
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\"Bitcoin<\/figure>\n<\/div>\n
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Bitcoin\u2019s price continues to slide down as it loses crucial support at around $28,500 as the bears appear to have regained control. Moreover, the descending trend may continue as it appears to be heading toward the following support levels. Besides, the possibility of a bullish breakout also appears to be quite low as the bulls remain calm.\u00a0<\/p>\n

Presently, Bitcoin\u2019s price is sitting on a trend line support at around $28,000. While the bulls are trying to hold the price above this level, the bears are poised to drag the price lower. Therefore, in such a scenario, the price may even break down from these levels, and the chances of testing $25,550 to $26,000 emerge.\u00a0<\/p>\n

Source: Tradingview<\/a><\/figcaption><\/figure>\n

The BTC price is following a parabolic curve and is expected to touch the curve before triggering a rebound. The price, after bouncing off the curve, had previously surged by more than 40% in a week. Therefore, a similar price action may be expected, but before that, the BTC price may face another 10% drop.\u00a0<\/p>\n

The BTC price is believed to plunge heavily to test the levels on the parabolic curve in the next few days. Further, a fine rebound may light up as the price touches the parabolic curve, which may begin a fine upswing soon. Additionally, the price is following the upper trend line as core resistance levels, and hence a breakout from these levels is mandatory. Following the pattern, the Bitcoin (BTC) price may soon reach beyond $35,000 in the next few weeks.<\/p>\n<\/div>\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

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\n Sahana Vibhute<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price continues to slide down as it loses crucial support at around $28,500 as the bears appear to have regained control. Moreover, the descending trend may continue as it appears to be heading toward the following support levels. Besides, the possibility of a bullish breakout also appears to be quite low as the bulls<\/p>\n","protected":false},"author":1,"featured_media":633363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27753,31127],"tags":[],"class_list":{"0":"post-633362","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoins","8":"category-correction"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/633362","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=633362"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/633362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/633363"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=633362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=633362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=633362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}