{"id":406186,"date":"2019-12-04T15:16:14","date_gmt":"2019-12-04T15:16:14","guid":{"rendered":"https:\/\/wncen.com\/?p=406186"},"modified":"2024-06-11T08:04:50","modified_gmt":"2024-06-11T08:04:50","slug":"bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","title":{"rendered":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat down the attempt to break higher here, resulting in a not-so-happy holiday season for crypto investors?<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Bitcoin Price Rockets to $7,700 in Sentiment Driven Short Squeeze<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">When Bitcoin was trading at lows below $4,000, sentiment was at extreme lows, with bearish crypto traders, analysts, and investors alike calling for even deeper lows, as low as $1,000 or more \u2013 essentially the complete demise of Bitcoin.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But Bitcoin exploded out of that range, resulting in a parabolic rally or echo bubble, that took the price of the most valuable cryptocurrency by market cap up 350% to a high of $14,000. At that point, crypto investors were once again talking about lambos, citadels, and riches beyond their wildest dreams, signaling irrational exuberance not witnessed since the crypto hype bubble in 2017.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/11\/29\/perceived-bitcoin-value-outpaced-peak-crypto-bubble-mania\/\">Perceived Bitcoin Value Outpaced Peak Crypto Bubble Mania<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Anytime sentiment reaches such extremes, assets tend to reverse. Such was the case once again today when the price of Bitcoin broke down to under $7,100. The entire market immediately became extremely bearish, and rightfully so &#8211; Bitcoin has been in a steady downtrend for months now, and recently retested former bear market lows around $6,500. Fear is back in the crypto market in a big way.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/u\/TonySpilotro\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-406187\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/Screen-Shot-2019-12-04-at-10.13.35-AM.png?resize=860%2C584\" alt=\"bitcoin price chart\" width=\"860\" height=\"584\"><\/a><\/p>\n<p class=\"p1\"><span class=\"s1\">As short sellers piled on this morning expecting Bitcoin to once again set new, lower lows, the often contrarian market pushed higher, squeezing short-sellers out of their positions, forcing them to close positions and further drive up the price of Bitcoin.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The sentiment-driven short squeeze took Bitcoin price as high as $7,700, but bears were quick to push the price back down to $7,500, where Bitcoin must break above resistance to rally higher and have a chance of breakout out of the current downtrend.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/12\/03\/bah-humbug-if-bitcoin-bulls-cant-reclaim-7800-its-coal-for-christmas\/\">Bah Humbug! If Bitcoin Bulls Can\u2019t Reclaim $7,800 It\u2019s Coal For Christmas\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">If Bitcoin can break above $7,500, it has a number of key resistance levels above it now from all the consolidation that has taken place over the last few months. Below here, Bitcoin could either fall to the low $6,000s, or potentially fall to $5,800, or even as low as $4,200 where the breakout into the April 2019 parabolic rally first occurred. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If support is found at any of these former resistance levels, Bitcoin\u2019s bull market may not be over after all, and after the current correction finishes, could be off to the races once again. But it will take a much stronger push from bulls here into the holidays for Bitcoin&#8217;s current trend to reverse.<\/span><\/p>\n<pre>Featured image by Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off. Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat down the attempt to break higher here, resulting in a not-so-happy holiday season for crypto investors? Bitcoin Price Rockets to $7,700 in Sentiment Driven Short Squeeze When Bitcoin was trading at lows below $4,000, sentiment was at extreme lows, with bearish crypto traders, analysts, and investors alike calling for even deeper lows, as low as $1,000 or more \u2013 essentially the complete demise of Bitcoin. But Bitcoin exploded out of that range, resulting in a parabolic rally or echo bubble, that took the price of the most valuable cryptocurrency by market cap up 350% to a high of $14,000. At that point, crypto investors were once again talking about lambos, citadels, and riches beyond their wildest dreams, signaling irrational exuberance not witnessed since the crypto hype bubble in 2017. Related Reading | Perceived Bitcoin Value Outpaced Peak Crypto Bubble Mania Anytime sentiment reaches such extremes, assets tend to reverse. Such was the case once again today when the price of Bitcoin broke down to under $7,100. The entire market immediately became extremely bearish, and rightfully so &#8211; Bitcoin has been in a steady downtrend for months now, and recently retested former bear market lows around $6,500. Fear is back in the crypto market in a big way. As short sellers piled on this morning expecting Bitcoin to once again set new, lower lows, the often contrarian market pushed higher, squeezing short-sellers out of their positions, forcing them to close positions and further drive up the price of Bitcoin. The sentiment-driven short squeeze took Bitcoin price as high as $7,700, but bears were quick to push the price back down to $7,500, where Bitcoin must break above resistance to rally higher and have a chance of breakout out of the current downtrend. Related Reading | Bah Humbug! If Bitcoin Bulls Can\u2019t Reclaim $7,800 It\u2019s Coal For Christmas\u00a0 If Bitcoin can break above $7,500, it has a number of key resistance levels above it now from all the consolidation that has taken place over the last few months. Below here, Bitcoin could either fall to the low $6,000s, or potentially fall to $5,800, or even as low as $4,200 where the breakout into the April 2019 parabolic rally first occurred. If support is found at any of these former resistance levels, Bitcoin\u2019s bull market may not be over after all, and after the current correction finishes, could be off to the races once again. But it will take a much stronger push from bulls here into the holidays for Bitcoin&#8217;s current trend to reverse. Featured image by Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":406188,"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":[428,679,6664,15606],"class_list":["post-406186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-crypto","tag-short-squeeze"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze<\/title>\n<meta name=\"description\" content=\"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700\" \/>\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-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze\" \/>\n<meta property=\"og:description\" content=\"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\" \/>\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=\"2019-12-04T15:16:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:04:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\" \/>\n\t<meta property=\"og:image:width\" content=\"5585\" \/>\n\t<meta property=\"og:image:height\" content=\"3723\" \/>\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=\"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-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze\",\"datePublished\":\"2019-12-04T15:16:14+00:00\",\"dateModified\":\"2024-06-11T08:04:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\"},\"wordCount\":469,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\",\"keywords\":[\"bitcoin\",\"bitcoin price\",\"crypto\",\"short squeeze\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\",\"name\":\"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\",\"datePublished\":\"2019-12-04T15:16:14+00:00\",\"dateModified\":\"2024-06-11T08:04:50+00:00\",\"description\":\"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\",\"width\":5585,\"height\":3723,\"caption\":\"bitcoin price crypto short squeeze bearish sentiment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze\"}]},{\"@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":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze","description":"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700","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-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze","og_description":"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700","og_url":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-12-04T15:16:14+00:00","article_modified_time":"2024-06-11T08:04:50+00:00","og_image":[{"width":5585,"height":3723,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze","datePublished":"2019-12-04T15:16:14+00:00","dateModified":"2024-06-11T08:04:50+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/"},"wordCount":469,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","keywords":["bitcoin","bitcoin price","crypto","short squeeze"],"articleSection":["Bitcoin","Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","url":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","name":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","datePublished":"2019-12-04T15:16:14+00:00","dateModified":"2024-06-11T08:04:50+00:00","description":"This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","width":5585,"height":3723,"caption":"bitcoin price crypto short squeeze bearish sentiment"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze"}]},{"@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":"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze","url":"http:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723"},"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":["bitcoin","bitcoin price","crypto","short squeeze"],"dateCreated":"2019-12-04T15:16:14Z","datePublished":"2019-12-04T15:16:14Z","dateModified":"2024-06-11T08:04:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-rallies-to-7700-in-bearish-sentiment-short-squeeze\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723\"},\"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\":[\"bitcoin\",\"bitcoin price\",\"crypto\",\"short squeeze\"],\"dateCreated\":\"2019-12-04T15:16:14Z\",\"datePublished\":\"2019-12-04T15:16:14Z\",\"dateModified\":\"2024-06-11T08:04:50Z\"}<\/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\/12\/bitcoin-price-sentiment-short-squeeze-shutterstock_1174158925.jpg?fit=5585%2C3723","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/406186"}],"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=406186"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/406186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/406188"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=406186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=406186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=406186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}