{"id":372281,"date":"2019-02-21T20:00:21","date_gmt":"2019-02-21T20:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=372281"},"modified":"2019-03-11T20:34:03","modified_gmt":"2019-03-11T20:34:03","slug":"crypto-bear-market-bitcoin-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","title":{"rendered":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the last couple of weeks, <a href=\"https:\/\/wncen.com\/2019\/02\/20\/bitcoin-strong-crypto-analysts-investors-4000-surmountable\/\">bullish sentiment has begun to return to the crypto market<\/a> after months of ongoing downtrend. However, one prominent crypto analyst isn\u2019t convinced by the rally, and instead expects <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> (BTC)\u00a0 to reach new lows sending the asset into multi-year bear market.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To make matters worse, the analyst also believes that the current trading range Bitcoin is in, isn\u2019t accumulation, and will later become strong resistance that the number one crypto by market cap must break through down the road in order to spark a new bull run in across the emerging asset class.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Crypto Analyst: Current Rally Running Out of Steam, Expects Drop Back to Support<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Prominent crypto analyst, trader, and investor, <a href=\"https:\/\/twitter.com\/Josh_Rager\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Josh Rager<\/a>, is warning crypto market participants that the current rally that\u2019s helped revive bullish sentiment across the space, is close to failing, and will cause Bitcoin to return to support and potentially reach new lows.<\/span><\/p>\n<p>https:\/\/twitter.com\/Josh_Rager\/status\/94448129<\/p>\n<p class=\"p1\"><span class=\"s1\">While Rager does propose that a sustained break and close above $4,100 would be \u201cbullish\u201d for Bitcoin and the crypto market as a whole, the analyst notes that the decreasing volume on weekly timeframes and higher are a bearish sign that the asset will drop back to retest support.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/2019\/02\/13\/bitcoin-bottom-entire-btc\/\">Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">In recent days, <a href=\"https:\/\/wncen.com\/2019\/02\/20\/crypto-galaxy-s10-jpm-coin-bitcoin\/\">Bitcoin has rallied over 20% from the $3,150 low<\/a> set in December, causing the once despair-ridden market sentiment to turn. Investors remain skeptical given how $6K broke back in November, which caused the price of Bitcoin to plummet an additional 50%.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Multi-Year Bear Market for Bitcoin, Current Range Isn\u2019t Accumulation <\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The analyst further speculates that the current trading range of $3K to $4K that Bitcoin is trapped in between isn\u2019t accumulation, and is instead yet \u201canother obstacle in a multi-year bear market.&#8221;<\/span><\/p>\n<p>https:\/\/twitter.com\/Josh_Rager\/status\/09415937<\/p>\n<p class=\"p1\"><span class=\"s1\">The current <a href=\"https:\/\/wncen.com\/tag\/bear-market\/\">bear market<\/a>, which is well into its second year, spent much of the time above support at $6K throughout 2018. Once that price floor broke, the market panicked and the price fell into the current range.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/2019\/02\/15\/crypto-bitcoin-price-moving-average\/\">Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">The more an asset trades within a range, the strong the resistance becomes. If Bitcoin doesn\u2019t manage to break through the psychological resistance at $4K, and continues to be rejected, the resistance will only become more powerful and require more energy to from bulls to break though.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Most analysts look to the 2014-2015 bear market to get an idea of where Bitcoin\u2019s price may end up next. In that bear market, there was an extended accumulation range followed by a slow and steady climb back into a bull trend. Rager doesn\u2019t believe we\u2019re in that range just yet, and that \u201c$3K is the new $6K\u201d and is likely to fall through to another, final trading range, extending the bear market further for potentially another year or more.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Over the last couple of weeks, bullish sentiment has begun to return to the crypto market after months of ongoing downtrend. However, one prominent crypto analyst isn\u2019t convinced by the rally, and instead expects Bitcoin (BTC)\u00a0 to reach new lows sending the asset into multi-year bear market. To make matters worse, the analyst also believes that the current trading range Bitcoin is in, isn\u2019t accumulation, and will later become strong resistance that the number one crypto by market cap must break through down the road in order to spark a new bull run in across the emerging asset class. Crypto Analyst: Current Rally Running Out of Steam, Expects Drop Back to Support Prominent crypto analyst, trader, and investor, Josh Rager, is warning crypto market participants that the current rally that\u2019s helped revive bullish sentiment across the space, is close to failing, and will cause Bitcoin to return to support and potentially reach new lows. https:\/\/twitter.com\/Josh_Rager\/status\/94448129 While Rager does propose that a sustained break and close above $4,100 would be \u201cbullish\u201d for Bitcoin and the crypto market as a whole, the analyst notes that the decreasing volume on weekly timeframes and higher are a bearish sign that the asset will drop back to retest support. Related Reading |\u00a0Bitcoin Bottom Doesn\u2019t Matter, Last Time General Population Can Afford Entire BTC\u00a0 In recent days, Bitcoin has rallied over 20% from the $3,150 low set in December, causing the once despair-ridden market sentiment to turn. Investors remain skeptical given how $6K broke back in November, which caused the price of Bitcoin to plummet an additional 50%. Multi-Year Bear Market for Bitcoin, Current Range Isn\u2019t Accumulation The analyst further speculates that the current trading range of $3K to $4K that Bitcoin is trapped in between isn\u2019t accumulation, and is instead yet \u201canother obstacle in a multi-year bear market.&#8221; https:\/\/twitter.com\/Josh_Rager\/status\/09415937 The current bear market, which is well into its second year, spent much of the time above support at $6K throughout 2018. Once that price floor broke, the market panicked and the price fell into the current range. Related Reading |\u00a0Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year The more an asset trades within a range, the strong the resistance becomes. If Bitcoin doesn\u2019t manage to break through the psychological resistance at $4K, and continues to be rejected, the resistance will only become more powerful and require more energy to from bulls to break though. Most analysts look to the 2014-2015 bear market to get an idea of where Bitcoin\u2019s price may end up next. In that bear market, there was an extended accumulation range followed by a slow and steady climb back into a bull trend. Rager doesn\u2019t believe we\u2019re in that range just yet, and that \u201c$3K is the new $6K\u201d and is likely to fall through to another, final trading range, extending the bear market further for potentially another year or more. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":372283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[5687,428,26263,25050,18965],"class_list":["post-372281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bear-market","tag-bitcoin","tag-crypto-analyst","tag-josh-rager","tag-trading-range"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation<\/title>\n<meta name=\"description\" content=\"Prominent crypto analys Josh Rager, is warning that Bitcoin&#039;s current rally is close to failing, and will return to support and potentially reach new lows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation\" \/>\n<meta property=\"og:description\" content=\"Prominent crypto analys Josh Rager, is warning that Bitcoin&#039;s current rally is close to failing, and will return to support and potentially reach new lows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\" \/>\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=\"2019-02-21T20:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-11T20:34:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"6000\" \/>\n\t<meta property=\"og:image:height\" content=\"4000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\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:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation\",\"datePublished\":\"2019-02-21T20:00:21+00:00\",\"dateModified\":\"2019-03-11T20:34:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\"},\"wordCount\":510,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000\",\"keywords\":[\"Bear market\",\"bitcoin\",\"crypto analyst\",\"Josh Rager\",\"Trading Range\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\",\"url\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\",\"name\":\"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000\",\"datePublished\":\"2019-02-21T20:00:21+00:00\",\"dateModified\":\"2019-03-11T20:34:03+00:00\",\"description\":\"Prominent crypto analys Josh Rager, is warning that Bitcoin's current rally is close to failing, and will return to support and potentially reach new lows.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000\",\"width\":6000,\"height\":4000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation","description":"Prominent crypto analys Josh Rager, is warning that Bitcoin's current rally is close to failing, and will return to support and potentially reach new lows.","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:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation","og_description":"Prominent crypto analys Josh Rager, is warning that Bitcoin's current rally is close to failing, and will return to support and potentially reach new lows.","og_url":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-02-21T20:00:21+00:00","article_modified_time":"2019-03-11T20:34:03+00:00","og_image":[{"width":6000,"height":4000,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation","datePublished":"2019-02-21T20:00:21+00:00","dateModified":"2019-03-11T20:34:03+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/"},"wordCount":510,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000","keywords":["Bear market","bitcoin","crypto analyst","Josh Rager","Trading Range"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","url":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","name":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000","datePublished":"2019-02-21T20:00:21+00:00","dateModified":"2019-03-11T20:34:03+00:00","description":"Prominent crypto analys Josh Rager, is warning that Bitcoin's current rally is close to failing, and will return to support and potentially reach new lows.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000","width":6000,"height":4000},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\u2019t Accumulation","url":"http:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-bear-market-bitcoin-btc\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bear market","bitcoin","crypto analyst","josh rager","trading range"],"dateCreated":"2019-02-21T20:00:21Z","datePublished":"2019-02-21T20:00:21Z","dateModified":"2019-03-11T20:34:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Expects Multi-Year Bear Market, Current Bitcoin (BTC) Range Isn\\u2019t Accumulation\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-bear-market-bitcoin-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-bear-market-bitcoin-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/bitcoin-crypto-shutterstock_1097489111.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bear market\",\"bitcoin\",\"crypto analyst\",\"josh rager\",\"trading range\"],\"dateCreated\":\"2019-02-21T20:00:21Z\",\"datePublished\":\"2019-02-21T20:00:21Z\",\"dateModified\":\"2019-03-11T20:34:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/02\/bitcoin-crypto-shutterstock_1097489111.jpg?fit=6000%2C4000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372281"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=372281"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/372281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/372283"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=372281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=372281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=372281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}