{"id":380786,"date":"2019-05-03T22:00:35","date_gmt":"2019-05-03T22:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=380786"},"modified":"2024-06-11T07:40:06","modified_gmt":"2024-06-11T07:40:06","slug":"analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","title":{"rendered":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds"},"content":{"rendered":"

After a relatively long period of choppy trading within the lower-$5,000 region, Bitcoin (BTC) has finally incurred another influx of buying pressure that has allowed it to surge higher, with the key resistance level of $6,000 looming just over the horizon.<\/p>\n

Now, one prominent analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the midst of a long-term recovery pattern that will ultimately allow BTC to surge significantly higher throughout 2019.<\/p>\n

Bitcoin Surges to $5,800: Is the Bear Market Over?<\/strong><\/h2>\n

The recent series of price surges that have allowed Bitcoin<\/a> to surge from its late-2018 lows of roughly $3,200 to its freshly established year-to-date highs at its current price of $5,800, may be the final nails in the coffin that have brought about an end to the persistent bear market.<\/p>\n

Rob Sluymer, a technical strategist at Fundstrat, has built a track record of accuracy when it comes to the crypto markets, as he has called previous drops with precision, including when Bitcoin slid from the $6,000 region to the lower-$3,000 region in late-2018, when he explained that the crypto had \u201csignificant technical damage\u201d just weeks prior to the major drop.<\/p>\n

Now, in a recent note, Sluymer explained<\/a> that he believes Bitcoin is currently in the early-stage of a long-term recovery that will continue on throughout the year.<\/p>\n

\u201cUse pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance,\u201d Sluymer explained, further adding that he sees BTC\u2019s recent price action as \u201cthe early stage of a longer-term recovery developing.\u201d<\/p><\/blockquote>\n

Furthermore, he also noted that this does not mean a drop back into the $4,000 region<\/a> is out of the cards, but he does advocate for using any additional drops to accumulate larger positions.<\/p>\n

\u201cWhile it\u2019s premature to conclude Bitcoin will not retest support near $4,300, we would encourage traders and investors to remain focused on the bullish longer-term technical profile developing\u2026 Bottom line: use recent weakness to accumulate,\u201d he said.<\/p><\/blockquote>\n

Bullish News May Fuel Further Price Gains<\/strong><\/h2>\n

The crypto markets have been witnessing an influx of bullish news that has drastically shifted sentiment for the better and may be fanning the flames that are driving these recent price gains.<\/p>\n

Earlier today, news broke that Facebook is in the process of building its own cryptocurrency-based payments system, a development that had long been anticipated by those in tune with the crypto industry.<\/p>\n

According to the Wall Street Journal<\/a> report, the social media giant has been recruiting a number of financial firms and digital merchants in an effort to build a new system that could undermine current payment methods \u2013 which mainly consists of credit cards \u2013 and allow the company to increase their revenue by reducing the processing fees associated with other forms of payment.<\/p>\n

This news is emblematic of the growing corporate adoption that cryptocurrencies, and Bitcoin in particular, have been facing over the past year \u2013 despite the dreary price action.<\/p>\n

As Bitcoin continues to climb higher and more companies foray into the nascent markets<\/a>, it\u2019s beginning to look more likely that 2019 will prove to be another great year for the crypto industry as a whole.<\/p>\n

Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"
After a relatively long period of choppy trading within the lower-$5,000 region, Bitcoin (BTC) has finally incurred another influx of buying pressure that has allowed it to surge higher, with the key resistance level of $6,000 looming just over the horizon. Now, one prominent analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the midst of a long-term recovery pattern that will ultimately allow BTC to surge significantly higher throughout 2019. Bitcoin Surges to $5,800: Is the Bear Market Over? The recent series of price surges that have allowed Bitcoin to surge from its late-2018 lows of roughly $3,200 to its freshly established year-to-date highs at its current price of $5,800, may be the final nails in the coffin that have brought about an end to the persistent bear market. Rob Sluymer, a technical strategist at Fundstrat, has built a track record of accuracy when it comes to the crypto markets, as he has called previous drops with precision, including when Bitcoin slid from the $6,000 region to the lower-$3,000 region in late-2018, when he explained that the crypto had \u201csignificant technical damage\u201d just weeks prior to the major drop. Now, in a recent note, Sluymer explained that he believes Bitcoin is currently in the early-stage of a long-term recovery that will continue on throughout the year. \u201cUse pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance,\u201d Sluymer explained, further adding that he sees BTC\u2019s recent price action as \u201cthe early stage of a longer-term recovery developing.\u201d Furthermore, he also noted that this does not mean a drop back into the $4,000 region is out of the cards, but he does advocate for using any additional drops to accumulate larger positions. \u201cWhile it\u2019s premature to conclude Bitcoin will not retest support near $4,300, we would encourage traders and investors to remain focused on the bullish longer-term technical profile developing\u2026 Bottom line: use recent weakness to accumulate,\u201d he said. Bullish News May Fuel Further Price Gains The crypto markets have been witnessing an influx of bullish news that has drastically shifted sentiment for the better and may be fanning the flames that are driving these recent price gains. Earlier today, news broke that Facebook is in the process of building its own cryptocurrency-based payments system, a development that had long been anticipated by those in tune with the crypto industry. According to the Wall Street Journal report, the social media giant has been recruiting a number of financial firms and digital merchants in an effort to build a new system that could undermine current payment methods \u2013 which mainly consists of credit cards \u2013 and allow the company to increase their revenue by reducing the processing fees associated with other forms of payment. This news is emblematic of the growing corporate adoption that cryptocurrencies, and Bitcoin in particular, have been facing over the past year \u2013 despite the dreary price action. As Bitcoin continues to climb higher and more companies foray into the nascent markets, it\u2019s beginning to look more likely that 2019 will prove to be another great year for the crypto industry as a whole. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":380788,"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":[428,1119,6664],"class_list":["post-380786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-crypto"],"acf":[],"yoast_head":"\nAnalyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds<\/title>\n<meta name=\"description\" content=\"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.\" \/>\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\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds\" \/>\n<meta property=\"og:description\" content=\"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\" \/>\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=\"2019-05-03T22:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:40:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"704\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Petersen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Petersen\" \/>\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\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\"},\"author\":{\"name\":\"Cole Petersen\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\"},\"headline\":\"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds\",\"datePublished\":\"2019-05-03T22:00:35+00:00\",\"dateModified\":\"2024-06-11T07:40:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\"},\"wordCount\":534,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704\",\"keywords\":[\"bitcoin\",\"btc\",\"crypto\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\",\"url\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\",\"name\":\"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704\",\"datePublished\":\"2019-05-03T22:00:35+00:00\",\"dateModified\":\"2024-06-11T07:40:06+00:00\",\"description\":\"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704\",\"width\":1000,\"height\":704,\"caption\":\"Bitcoin BTC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/6c4271c7295c2e60c3c46d945f26fd87\",\"name\":\"Cole Petersen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"caption\":\"Cole Petersen\"},\"description\":\"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.\",\"url\":\"https:\/\/wncen.com\/author\/colecpetersen\/\"}]}<\/script>\n","yoast_head_json":{"title":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds","description":"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.","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\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","og_locale":"en_US","og_type":"article","og_title":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds","og_description":"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.","og_url":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-05-03T22:00:35+00:00","article_modified_time":"2024-06-11T07:40:06+00:00","og_image":[{"width":1000,"height":704,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","type":"image\/jpeg"}],"author":"Cole Petersen","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Cole Petersen","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/"},"author":{"name":"Cole Petersen","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87"},"headline":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds","datePublished":"2019-05-03T22:00:35+00:00","dateModified":"2024-06-11T07:40:06+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/"},"wordCount":534,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","keywords":["bitcoin","btc","crypto"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","url":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","name":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","datePublished":"2019-05-03T22:00:35+00:00","dateModified":"2024-06-11T07:40:06+00:00","description":"An analyst who has called previous Bitcoin crashes believes that the cryptocurrency is currently in the early stages of a long-term recovery pattern.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","width":1000,"height":704,"caption":"Bitcoin BTC"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & 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\/6c4271c7295c2e60c3c46d945f26fd87","name":"Cole Petersen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","caption":"Cole Petersen"},"description":"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.","url":"https:\/\/wncen.com\/author\/colecpetersen\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds","url":"http:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Cole Petersen"}],"creator":["Cole Petersen"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto"],"dateCreated":"2019-05-03T22:00:35Z","datePublished":"2019-05-03T22:00:35Z","dateModified":"2024-06-11T07:40:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Claims the Bitcoin Bear Market is Likely Over as Bullish News Abounds\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/analyst-claims-the-bitcoin-bear-market-is-likely-over-as-bullish-news-abounds\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/shutterstock_1014726355-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/shutterstock_1014726355-2.jpg?fit=1000%2C704\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Cole Petersen\"}],\"creator\":[\"Cole Petersen\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\"],\"dateCreated\":\"2019-05-03T22:00:35Z\",\"datePublished\":\"2019-05-03T22:00:35Z\",\"dateModified\":\"2024-06-11T07:40:06Z\"}<\/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\/05\/shutterstock_1014726355-2.jpg?fit=1000%2C704","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380786","targetHints":{"allow":["GET"]}}],"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\/499"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=380786"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/380786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/380788"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=380786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=380786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=380786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}