{"id":402697,"date":"2019-10-29T00:14:07","date_gmt":"2019-10-29T00:14:07","guid":{"rendered":"https:\/\/wncen.com\/?p=402697"},"modified":"2024-06-11T10:34:43","modified_gmt":"2024-06-11T10:34:43","slug":"bitcoin-plunges-300-bearish-sentiment","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/","title":{"rendered":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts"},"content":{"rendered":"<p>Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While this wasn&#8217;t a decisively bearish move in and of itself, a sentiment that &#8220;the rally is over&#8221; is starting to bubble in trading circles.<\/p>\n<h6 style=\"text-align: center\">Related Reading:<a href=\"https:\/\/wncen.com\/2019\/10\/28\/coffee-for-crypto-ice-to-launch-bitcoin-consumer-app-with-starbucks\/\"> Coffee for Crypto? ICE to Launch Bitcoin Consumer App with Starbucks<\/a><\/h6>\n<h2><strong>Bearish Bitcoin Analyses Rack Up<\/strong><\/h2>\n<p>This move comes as bearish Bitcoin analyses have begun to reappear on Twitter, despite the historical 42% move that the leading cryptocurrency saw on the weekend.<\/p>\n<p>As <a href=\"https:\/\/wncen.com\/2019\/10\/28\/not-so-fast-bulls-latest-bitcoin-pump-may-be-wyckoff-distribution-throwback\/\">reported by NewsBTC previously<\/a>, analyst Velvet noted that Bitcoin&#8217;s recent surge upward hasn&#8217;t convinced him that a crypto market rally to fresh all-time highs isn&#8217;t inbound. They argued that their analysis indicates Bitcoin may be trading in a textbook bearish pattern defined by prominent historical technician Richard Wyckoff.<\/p>\n<p>As Velvet pointed out, the recent rally, according to Wyckoff\u2019s studies, might just be a \u201cthrowback\u201d to a bull trend before an eventual breakdown, defined as a \u201cmarkdown\u201d by the analyst.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTCUSD?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTCUSD<\/a><\/p>\n<p>I&#39;m not convinced with this weekly close guys, I&#39;m sorry for not being bullish like everyone else. I guess somebody has to be the bear right? or at least have a Conservative approach<\/p>\n<p>Here is something to keep in mind among all the bullish and hopium charts \ud83d\udc47 <a href=\"https:\/\/t.co\/pNWo6PIO9Y\" rel=\"nofollow\">pic.twitter.com\/pNWo6PIO9Y<\/a><\/p>\n<p>&mdash; MAXi. (@888Velvet) <a href=\"https:\/\/twitter.com\/888Velvet\/status\/46639618?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 28, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Their analysis indicates that the target of the downside move could be closer to where Bitcoin broke out of its accumulation range, near $5,800.<\/p>\n<p>Velvet isn&#8217;t the only one spouting bearish analysis. Crypto Walker argued that BTC is still trending in descending channel, having been rejected in a high-volume move at resistance. He added that with the &#8220;death cross&#8221; still formed and there having been a large &#8220;drop in open interest,&#8221; he remains bearish.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> daily<\/p>\n<p>The descending channel is still intact. High volume rejection at resistance. Price dumped below 100MA again. Death cross 50\/200MA. Huge drop in open interest during the recent pump.  <\/p>\n<p>I remain bearish for now but open to switch bias if I see a bullish consolidation. <a href=\"https:\/\/t.co\/355fNPOjF0\" rel=\"nofollow\">pic.twitter.com\/355fNPOjF0<\/a><\/p>\n<p>&mdash; Crypto Walker (@cryptoWalk3r) <a href=\"https:\/\/twitter.com\/cryptoWalk3r\/status\/41849856?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 28, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Bullish Above $8,000<\/strong><\/h2>\n<p>Although there is a growing level of sentiment hinting at an impending correction for Bitcoin, popular macro and crypto analyst Alex Kr\u00fcger has kept it simple. In a recent tweet, he remarked that Bitcoin&#8217;s chart remains bullish as long as the cryptocurrency remains above the $8,000 to $8,200 region \u2014 some 15% lower than the current price point of $9,300.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a>. Chart. Bullish. Invalidation: 8200-8000. <a href=\"https:\/\/t.co\/jJWoGGUZqj\" rel=\"nofollow\">pic.twitter.com\/jJWoGGUZqj<\/a><\/p>\n<p>&mdash; Alex Kr\u00fcger (@krugermacro) <a href=\"https:\/\/twitter.com\/krugermacro\/status\/26647043?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 28, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He remarked in an earlier tweet that a loss of the abovementioned region will render the recent Bitcoin bull move &#8220;dead,&#8221; and thus lead to a continuation &#8220;lower,&#8221; presumably below the multi-month low of $7,300 established late last week.<\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/10\/28\/analyst-bitcoin-may-target-8900-after-being-rejected-at-key-resistance\/\">Analyst: Bitcoin May Target $8,900 After Being Rejected at Key Resistance<\/a><\/h6>\n<p>&nbsp;<\/p>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While this wasn&#8217;t a decisively bearish move in and of itself, a sentiment that &#8220;the rally is over&#8221; is starting to bubble in trading circles. Related Reading: Coffee for Crypto? ICE to Launch Bitcoin Consumer App with Starbucks Bearish Bitcoin Analyses Rack Up This move comes as bearish Bitcoin analyses have begun to reappear on Twitter, despite the historical 42% move that the leading cryptocurrency saw on the weekend. As reported by NewsBTC previously, analyst Velvet noted that Bitcoin&#8217;s recent surge upward hasn&#8217;t convinced him that a crypto market rally to fresh all-time highs isn&#8217;t inbound. They argued that their analysis indicates Bitcoin may be trading in a textbook bearish pattern defined by prominent historical technician Richard Wyckoff. As Velvet pointed out, the recent rally, according to Wyckoff\u2019s studies, might just be a \u201cthrowback\u201d to a bull trend before an eventual breakdown, defined as a \u201cmarkdown\u201d by the analyst. $BTC #BTC #BTCUSD I&#39;m not convinced with this weekly close guys, I&#39;m sorry for not being bullish like everyone else. I guess somebody has to be the bear right? or at least have a Conservative approach Here is something to keep in mind among all the bullish and hopium charts \ud83d\udc47 pic.twitter.com\/pNWo6PIO9Y &mdash; MAXi. (@888Velvet) October 28, 2019 Their analysis indicates that the target of the downside move could be closer to where Bitcoin broke out of its accumulation range, near $5,800. Velvet isn&#8217;t the only one spouting bearish analysis. Crypto Walker argued that BTC is still trending in descending channel, having been rejected in a high-volume move at resistance. He added that with the &#8220;death cross&#8221; still formed and there having been a large &#8220;drop in open interest,&#8221; he remains bearish. $BTC daily The descending channel is still intact. High volume rejection at resistance. Price dumped below 100MA again. Death cross 50\/200MA. Huge drop in open interest during the recent pump. I remain bearish for now but open to switch bias if I see a bullish consolidation. pic.twitter.com\/355fNPOjF0 &mdash; Crypto Walker (@cryptoWalk3r) October 28, 2019 Bullish Above $8,000 Although there is a growing level of sentiment hinting at an impending correction for Bitcoin, popular macro and crypto analyst Alex Kr\u00fcger has kept it simple. In a recent tweet, he remarked that Bitcoin&#8217;s chart remains bullish as long as the cryptocurrency remains above the $8,000 to $8,200 region \u2014 some 15% lower than the current price point of $9,300. $BTC. Chart. Bullish. Invalidation: 8200-8000. pic.twitter.com\/jJWoGGUZqj &mdash; Alex Kr\u00fcger (@krugermacro) October 28, 2019 He remarked in an earlier tweet that a loss of the abovementioned region will render the recent Bitcoin bull move &#8220;dead,&#8221; and thus lead to a continuation &#8220;lower,&#8221; presumably below the multi-month low of $7,300 established late last week. Related Reading: Analyst: Bitcoin May Target $8,900 After Being Rejected at Key Resistance &nbsp; Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":401799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1558],"class_list":["post-402697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts<\/title>\n<meta name=\"description\" content=\"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While\" \/>\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\/bitcoin-plunges-300-bearish-sentiment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts\" \/>\n<meta property=\"og:description\" content=\"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\" \/>\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=\"2019-10-29T00:14:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"1688\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\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=\"Nick Chong\" \/>\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:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts\",\"datePublished\":\"2019-10-29T00:14:07+00:00\",\"dateModified\":\"2024-06-11T10:34:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\"},\"wordCount\":384,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\",\"keywords\":[\"bitcoin\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\",\"name\":\"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\",\"datePublished\":\"2019-10-29T00:14:07+00:00\",\"dateModified\":\"2024-06-11T10:34:43+00:00\",\"description\":\"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\",\"width\":3000,\"height\":1688},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts\"}]},{\"@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\/4c1114650d72d49c455452d2ce5c981a\",\"name\":\"Nick Chong\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g\",\"caption\":\"Nick Chong\"},\"description\":\"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.\",\"url\":\"https:\/\/wncen.com\/author\/nickchong\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts","description":"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While","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\/bitcoin-plunges-300-bearish-sentiment\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts","og_description":"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While","og_url":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-10-29T00:14:07+00:00","article_modified_time":"2024-06-11T10:34:43+00:00","og_image":[{"width":3000,"height":1688,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","type":"image\/jpeg"}],"author":"Nick Chong","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Nick Chong","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/"},"author":{"name":"Nick Chong","@id":"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a"},"headline":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts","datePublished":"2019-10-29T00:14:07+00:00","dateModified":"2024-06-11T10:34:43+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/"},"wordCount":384,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","keywords":["bitcoin","cryptocurrency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/","url":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/","name":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","datePublished":"2019-10-29T00:14:07+00:00","dateModified":"2024-06-11T10:34:43+00:00","description":"Over the past 30 minutes, Bitcoin (BTC) has plunged by $300 from $9,515 to $9,200. As such, the cryptocurrency is now trading 3% down on the day. While","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","width":3000,"height":1688},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts"}]},{"@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\/4c1114650d72d49c455452d2ce5c981a","name":"Nick Chong","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac04c2aa55e08322676adb0b006baa07?s=96&d=mm&r=g","caption":"Nick Chong"},"description":"I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.","url":"https:\/\/wncen.com\/author\/nickchong\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts","url":"http:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-plunges-300-bearish-sentiment\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Nick Chong"}],"creator":["Nick Chong"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","cryptocurrency"],"dateCreated":"2019-10-29T00:14:07Z","datePublished":"2019-10-29T00:14:07Z","dateModified":"2024-06-11T10:34:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Plunges By $300 in Minutes as Bearish Sentiment Mounts\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-plunges-300-bearish-sentiment\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-plunges-300-bearish-sentiment\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1135113674-e82.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Nick Chong\"}],\"creator\":[\"Nick Chong\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"cryptocurrency\"],\"dateCreated\":\"2019-10-29T00:14:07Z\",\"datePublished\":\"2019-10-29T00:14:07Z\",\"dateModified\":\"2024-06-11T10:34:43Z\"}<\/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\/10\/shutterstock_1135113674-e82.jpg?fit=3000%2C1688","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/402697","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\/497"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=402697"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/402697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/401799"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=402697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=402697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=402697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}