{"id":404872,"date":"2019-11-19T23:00:22","date_gmt":"2019-11-19T23:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=404872"},"modified":"2024-06-11T07:26:53","modified_gmt":"2024-06-11T07:26:53","slug":"echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","title":{"rendered":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support"},"content":{"rendered":"<p>It has been a crazy past few weeks for Bitcoin, with the cryptocurrency\u2019s price incurring an explosive rally that sent it surging from lows of $7,300 to highs of $10,600 before this momentum faltered and BTC began a slow grind down to its current price levels.<\/p>\n<p>One prominent analyst is now noting that Bitcoin\u2019s inability to stabilize above $10,000 following this rally may bolster the bearish \u201cecho bubble\u201d narrative that many analysts have been entertaining over the past couple of months.<\/p>\n<h2><strong>Bitcoin Finds Continued Support at $8,000<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2019\/09\/24\/analysts-rule-out-bitcoin-drop-to-4000-despite-bearish-signs-heres-why\/\">Bitcoin<\/a> is trading down over 2% at its <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" rel=\"nofollow\">current price<\/a> of $8,190, which marks a slight climb from its daily lows of $8,000, which is where the crypto has been able to find continual support at over the past day.<\/p>\n<p>Bitcoin has been slowly grinding lower over the past several days and weeks, finding multiple support levels before trading sideways and ultimately breaking down to set lower lows.<\/p>\n<p>It remains unclear as to whether or not this bearish pattern will continue to persist in the near-term as BTC consolidates around $8,000, but one analyst does believe that the crypto will soon post a large upwards movement.<\/p>\n<p>HornHairs, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that the demand for BTC around its current price range, as well as a few other factors, have led him to believe that this current price level will mark a mid-term bottom.<\/p>\n<blockquote><p>\u201c$BTC: I&#8217;ve stuck to LTF scalps since the pump but am now looking to hop into a longer time frame swing trade here on the buy side. Bullish MS break on the weekly (higher high), price retracing back to the fib OTE, yearly pivot, weekly demand &amp; daily bullish breaker,\u201d he explained while referencing the chart seen below.<\/p><\/blockquote>\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> <\/p>\n<p>I&#39;ve stuck to LTF scalps since the pump but am now looking to hop into a longer time frame swing trade here on the buy side.<\/p>\n<p>Bullish MS break on the weekly (higher high), price retracing back to the fib OTE, yearly pivot, weekly demand &amp; daily bullish breaker. <a href=\"https:\/\/t.co\/K00bmTvrNv\" rel=\"nofollow\">pic.twitter.com\/K00bmTvrNv<\/a><\/p>\n<p>&mdash; HornHairs \ud83c\udf0a (@CryptoHornHairs) <a href=\"https:\/\/twitter.com\/CryptoHornHairs\/status\/31910400?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Will Technical Weakness Confirm Bearish BTC Echo Bubble Narrative?<\/strong><\/h2>\n<p>Mark Dow, a popular economist and hedge fund manager, recently spoke about Bitcoin\u2019s <a href=\"https:\/\/wncen.com\/2019\/11\/14\/bitcoin-open-interest-may-act-as-rocket-fuel-for-explosive-bull-movement\/\">price action<\/a> in a tweet, explaining that \u201ctruly strong\u201d assets don\u2019t immediately retrace after movements like the one seen in late-October, and that its swift retrace from its highs of over $10,000 could confirm the bearish echo bubble narrative.<\/p>\n<blockquote><p>\u201cWe&#8217;ll see if 200dma matters to #bitcoin. But truly strong assets don&#8217;t give back moves like the one up thru 10k, esp when they start from so far below ATHs. Thesis of echo bubble unwind, w occasional upside spasms &amp; progressively weaker FOMO, just got a lot stronger,\u201d he noted.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We&#39;ll see if 200dma matters to <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a>. But truly strong assets don&#39;t give back moves like the one up thru 10k, esp when they start from so far below ATHs<\/p>\n<p>Thesis of echo bubble unwind, w occasional upside spasms &amp; progressively weaker FOMO, just got a lot stronger. <a href=\"https:\/\/twitter.com\/search?q=%24XBT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XBT<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a><\/p>\n<p>&mdash; Dow (@mark_dow) <a href=\"https:\/\/twitter.com\/mark_dow\/status\/93286149?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 19, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If BTC is unable to hold above its near-term support and fully retracts the <a href=\"https:\/\/wncen.com\/2019\/11\/17\/bull-run-intact-bitcoin-price-indicator-long\/\">gains<\/a> that were incurred during the recent rally, it could confirm significant underlying weakness that opens the gates to even further losses.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>It has been a crazy past few weeks for Bitcoin, with the cryptocurrency\u2019s price incurring an explosive rally that sent it surging from lows of $7,300 to highs of $10,600 before this momentum faltered and BTC began a slow grind down to its current price levels. One prominent analyst is now noting that Bitcoin\u2019s inability to stabilize above $10,000 following this rally may bolster the bearish \u201cecho bubble\u201d narrative that many analysts have been entertaining over the past couple of months. Bitcoin Finds Continued Support at $8,000\u00a0 At the time of writing, Bitcoin is trading down over 2% at its current price of $8,190, which marks a slight climb from its daily lows of $8,000, which is where the crypto has been able to find continual support at over the past day. Bitcoin has been slowly grinding lower over the past several days and weeks, finding multiple support levels before trading sideways and ultimately breaking down to set lower lows. It remains unclear as to whether or not this bearish pattern will continue to persist in the near-term as BTC consolidates around $8,000, but one analyst does believe that the crypto will soon post a large upwards movement. HornHairs, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, explaining that the demand for BTC around its current price range, as well as a few other factors, have led him to believe that this current price level will mark a mid-term bottom. \u201c$BTC: I&#8217;ve stuck to LTF scalps since the pump but am now looking to hop into a longer time frame swing trade here on the buy side. Bullish MS break on the weekly (higher high), price retracing back to the fib OTE, yearly pivot, weekly demand &amp; daily bullish breaker,\u201d he explained while referencing the chart seen below. $BTC I&#39;ve stuck to LTF scalps since the pump but am now looking to hop into a longer time frame swing trade here on the buy side. Bullish MS break on the weekly (higher high), price retracing back to the fib OTE, yearly pivot, weekly demand &amp; daily bullish breaker. pic.twitter.com\/K00bmTvrNv &mdash; HornHairs \ud83c\udf0a (@CryptoHornHairs) November 19, 2019 Will Technical Weakness Confirm Bearish BTC Echo Bubble Narrative? Mark Dow, a popular economist and hedge fund manager, recently spoke about Bitcoin\u2019s price action in a tweet, explaining that \u201ctruly strong\u201d assets don\u2019t immediately retrace after movements like the one seen in late-October, and that its swift retrace from its highs of over $10,000 could confirm the bearish echo bubble narrative. \u201cWe&#8217;ll see if 200dma matters to #bitcoin. But truly strong assets don&#8217;t give back moves like the one up thru 10k, esp when they start from so far below ATHs. Thesis of echo bubble unwind, w occasional upside spasms &amp; progressively weaker FOMO, just got a lot stronger,\u201d he noted. We&#39;ll see if 200dma matters to #bitcoin. But truly strong assets don&#39;t give back moves like the one up thru 10k, esp when they start from so far below ATHs Thesis of echo bubble unwind, w occasional upside spasms &amp; progressively weaker FOMO, just got a lot stronger. $XBT $BTC &mdash; Dow (@mark_dow) November 19, 2019 If BTC is unable to hold above its near-term support and fully retracts the gains that were incurred during the recent rally, it could confirm significant underlying weakness that opens the gates to even further losses. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":402645,"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-404872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-crypto"],"acf":[],"yoast_head":"\n<title>Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support<\/title>\n<meta name=\"description\" content=\"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.\" \/>\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\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support\" \/>\n<meta property=\"og:description\" content=\"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\" \/>\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=\"2019-11-19T23:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:26:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\"},\"author\":{\"name\":\"Cole Petersen\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\"},\"headline\":\"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support\",\"datePublished\":\"2019-11-19T23:00:22+00:00\",\"dateModified\":\"2024-06-11T07:26:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\"},\"wordCount\":470,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750\",\"keywords\":[\"bitcoin\",\"btc\",\"crypto\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\",\"url\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\",\"name\":\"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750\",\"datePublished\":\"2019-11-19T23:00:22+00:00\",\"dateModified\":\"2024-06-11T07:26:53+00:00\",\"description\":\"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750\",\"width\":1000,\"height\":750,\"caption\":\"Bitcoin BTC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support\"}]},{\"@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\/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":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support","description":"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.","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\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","og_locale":"en_US","og_type":"article","og_title":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support","og_description":"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.","og_url":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-11-19T23:00:22+00:00","article_modified_time":"2024-06-11T07:26:53+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750","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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/"},"author":{"name":"Cole Petersen","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87"},"headline":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support","datePublished":"2019-11-19T23:00:22+00:00","dateModified":"2024-06-11T07:26:53+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/"},"wordCount":470,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750","keywords":["bitcoin","btc","crypto"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","url":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","name":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750","datePublished":"2019-11-19T23:00:22+00:00","dateModified":"2024-06-11T07:26:53+00:00","description":"One prominent analyst is noting that Bitcoin\u2019s inability to stabilize above $10k following its rally may bolster the bearish BTC \u201cecho bubble\u201d narrative.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750","width":1000,"height":750,"caption":"Bitcoin BTC"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support"}]},{"@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\/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":"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support","url":"http:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/10\/shutterstock_1066842137.jpg?fit=1000%2C750"},"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":"2019-11-19T23:00:22Z","datePublished":"2019-11-19T23:00:22Z","dateModified":"2024-06-11T07:26:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Echo Bubble Narrative Grows Stronger as Bitcoin Struggles to Find Support\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/echo-bubble-narrative-grows-stronger-as-bitcoin-struggles-to-find-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1066842137.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/shutterstock_1066842137.jpg?fit=1000%2C750\"},\"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\":\"2019-11-19T23:00:22Z\",\"datePublished\":\"2019-11-19T23:00:22Z\",\"dateModified\":\"2024-06-11T07:26:53Z\"}<\/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_1066842137.jpg?fit=1000%2C750","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/404872"}],"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=404872"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/404872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/402645"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=404872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=404872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=404872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}