{"id":111405,"date":"2018-03-09T05:30:25","date_gmt":"2018-03-09T10:30:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=111405"},"modified":"2021-09-03T04:12:44","modified_gmt":"2021-09-03T08:12:44","slug":"bitcoin-price-now-that-everyones-bearish-the-bottom-may-be-in","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-now-that-everyones-bearish-the-bottom-may-be-in","title":{"rendered":"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In"},"content":{"rendered":"

A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.<\/strong><\/p>\n

\n

Bitcoin Hits Age-Old Panic Button<\/h3>\n

Capping what continues to be a difficult year for Bitcoin, prices suddenly dived<\/a> as markets digested news Japanese regulators were preparing to shut down<\/a> several of the country\u2019s exchanges.<\/p>\n

Japan\u2019s half-billion-dollar hack<\/a> in January, together with huge Bitcoin sell-offs<\/a> related to reimbursing fellow Japanese exchange Mt.Gox\u2019s creditors, have broadly erased any enthusiasm resulting from Bitcoin\u2019s technical advances in recent weeks.<\/p>\n

\"\"<\/p>\n

Now that sentiment appears to be hitting fresh lows, so are prices\u00a0across the board, commentators suggest on social media, while others remain bearish.<\/p>\n

Producing a historical chart versus the dollar, Twitter account Satoshi Sonic noted current price action could form part of a pattern going back several years. Based on performance over the last few hours of March 8, a reversal appears imminent.<\/p>\n

\n

\"?\" $BTC<\/a> #bitcoin<\/a> pic.twitter.com\/aZofT4SQUE<\/a><\/p>\n

\u2014 Satoshi Sonic (@SatoshiSonic) March 9, 2018<\/a><\/p><\/blockquote>\n

Vays Warns Of No Support<\/h3>\n

The previous downward spike on Sonic\u2019s chart occurred recently \u2013 just last month. At the time, more conservative technical analysts correctly guessed a price bottom lay around $6,000.<\/p>\n

In fresh comments Friday, however, one of them, Tone Vays, warned traders<\/a> of a lack of support should Bitcoin price stay below Bitcoin\u2019s 50-day moving average.<\/p>\n

\"\"<\/p>\n

\u201cThat\u2019s not a pullback, that\u2019s a full-blown downtrend,\u201d he said, adding that should prices close below $7500, he would be \u201clooking for targets at $5000 and below.\u201d<\/p>\n

Meanwhile in line with previous bullish appraisals of BTC\/USD, fellow analyst known as Parabolic Trav repeated calls<\/a> that prices were in a boom-and-bust pattern and that fresh upside was about to begin.<\/p>\n

Publishing a similar historical price chart which edited out all-time highs from December 2017, Trav likewise viewed Friday\u2019s drop to $8600 as the downward spike which \u201cconfirms continuation of uptrend.\u201d<\/p>\n

[Disclaimer: This news article should not be taken as trading advice. Bitcoinist is not responsible for any trading losses that may occur.]\u00a0<\/em><\/p>\n

What do you think about Bitcoin\u2019s price performance today? Let us know in the comments below!<\/em><\/strong><\/p>\n

\n

Images courtesy of Shutterstock, Twitter<\/em><\/p>\n

The post Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours. Bitcoin […]<\/a><\/div>","protected":false},"author":183,"featured_media":111406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-111405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\nBitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In\" \/>\n<meta property=\"og:description\" content=\"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-09T10:30:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-03T08:12:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wilma Woo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wilma Woo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\"},\"author\":{\"name\":\"Wilma Woo\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d\"},\"headline\":\"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In\",\"datePublished\":\"2018-03-09T10:30:25+00:00\",\"dateModified\":\"2021-09-03T08:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\"},\"wordCount\":389,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\",\"name\":\"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg\",\"datePublished\":\"2018-03-09T10:30:25+00:00\",\"dateModified\":\"2021-09-03T08:12:44+00:00\",\"description\":\"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg\",\"width\":1024,\"height\":768},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d\",\"name\":\"Wilma Woo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/207ab80c22fa9b4fec135d39f47e5727?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/207ab80c22fa9b4fec135d39f47e5727?s=96&d=mm&r=pg\",\"caption\":\"Wilma Woo\"},\"url\":\"https:\/\/insidebitcoins.com\/author\/wilma-woo\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In - InsideBitcoins.com","description":"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.","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:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In","og_description":"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.","og_site_name":"InsideBitcoins.com","article_published_time":"2018-03-09T10:30:25+00:00","article_modified_time":"2021-09-03T08:12:44+00:00","og_image":[{"width":1024,"height":768,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg","type":"image\/jpeg"}],"author":"Wilma Woo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Wilma Woo","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405"},"author":{"name":"Wilma Woo","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d"},"headline":"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In","datePublished":"2018-03-09T10:30:25+00:00","dateModified":"2021-09-03T08:12:44+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405"},"wordCount":389,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg","articleSection":["More Crypto News"],"inLanguage":"en-US","copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405","name":"Bitcoin Price: Now That Everyone\u2019s Bearish, The Bottom May Be In - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg","datePublished":"2018-03-09T10:30:25+00:00","dateModified":"2021-09-03T08:12:44+00:00","description":"A few Bitcoin price analysts are calling a new bottom in price after the biggest cryptocurrency lost 20% against the dollar in 36 hours.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/03\/Panic_button-1024x768.jpg","width":1024,"height":768},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/7826ccf9d101580d9aee38e4cfc2971d","name":"Wilma Woo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/207ab80c22fa9b4fec135d39f47e5727?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/207ab80c22fa9b4fec135d39f47e5727?s=96&d=mm&r=pg","caption":"Wilma Woo"},"url":"https:\/\/insidebitcoins.com\/author\/wilma-woo"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=111405"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/111405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/111406"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=111405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=111405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=111405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}