{"id":424590,"date":"2020-05-20T18:30:33","date_gmt":"2020-05-20T18:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=424590"},"modified":"2020-05-20T18:38:38","modified_gmt":"2020-05-20T18:38:38","slug":"lockdown-proposal-bitcoin-momentum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/lockdown-proposal-bitcoin-momentum\/","title":{"rendered":"New COVID-19 Lockdown Proposal Poses Unique Threat to Bitcoin&#8217;s Ongoing Momentum"},"content":{"rendered":"<p>A new and wildly unusual COVID-19 lockdown strategy proposal for slowly reopening the economy has many investors and financial analysts scratching their heads, and it could impact <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>&#8216;s recent bullish momentum.<\/p>\n<h2>Bitcoin And Other High-Risk Assets Like Stocks Remain Exposed to Another Collapse<\/h2>\n<p>Fear, uncertainty, and doubt. FUD is among the most commonly used terms in the crypto space, as those three powerful emotions have the potential to cause massive, panic-induced selloffs.<\/p>\n<p>The fear of the novel coronavirus in early Q1 2020 and uncertainty over how it would impact the economy caused investors to doubt their investments and dumped holdings for cash in a catastrophic collapse and liquidity crisis.<\/p>\n<p>The selloff was so strong, the day is now referred to as <a href=\"https:\/\/en.wikipedia.org\/wiki\/2020_stock_market_crash\" target=\"_blank\" rel=\"noopener nofollow\">Black Thursday<\/a>.<\/p>\n<p>During the selloff, the stock market tumbled, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> crashed over 50%, and even safe haven assets like gold fell from highs. Later on, as things got worse, oil prices fell into the negative for the first time in recorded history.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/05\/08\/stimulus-checked-heres-the-roi-on-a-1200-investment-in-top-crypto-assets\/\">Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets\u00a0<\/a><\/strong><\/em><\/p>\n<p>But once stimulus checks started arriving, and lockdown measures began flattening the curve, the stock market began surging and Bitcoin has been on a steady, sustained upward trend.<\/p>\n<h2>Markets May Tumble If Unusual Rolling Lockdown Plan Leads To Fear And Uncertainty<\/h2>\n<p>Today, however, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> price began to crash, potentially on the heels of the latest news that an unusual economic reopening strategy has been revealed that may cause further uncertainty.<\/p>\n<p>As was seen on Black Thursday, when investors are uncertain, doubtful, or fearful, high risk assets are the first to get dumped.<\/p>\n<p>Gains seen in the stock market could be erased, and Bitcoin and cryptocurrencies could see another powerful collapse. The global economy is on thin ice and even the slightest setback could cause another major market crash.<\/p>\n<p>The <a href=\"https:\/\/www.cnbc.com\/2020\/05\/19\/study-proposes-50-days-on-30-days-off-coronavirus-lockdown-strategy.html\" target=\"_blank\" rel=\"noopener nofollow\">plan suggests a cycle<\/a> of 50-days worth of mitigation measures in full force, followed by 30 days of more lax measures.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/05\/20\/us-stimulus-debit-cards-cryptocurrency\/\">US Treasury Issues Stimulus Debit Cards Because They Failed to Launch a Cryptocurrency\u00a0<\/a><\/strong><\/em><\/p>\n<p>The strategy is said to reduce the reproductive rate of the virus.<\/p>\n<p>While this could let the suppressed economy breathe and allow for a more sustainable solution to the abrupt change in everyday life, it could also cause such uncertainty that there&#8217;s no chance of an economic recovery at all.<\/p>\n<p>And during the 30 days of the more lax policy, it could theoretically undo the previous 50 days of stricter measures only making matters worse.<\/p>\n<p>The economy must reopen for things to get back to normal, but given the pandemic&#8217;s stronghold over the world, some sort of rolling lockdown may eventually be the new normal altogether. How this impacts Bitcoin is anyone&#8217;s guess, but the high risk asset could be in trouble as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new and wildly unusual COVID-19 lockdown strategy proposal for slowly reopening the economy has many investors and financial analysts scratching their heads, and it could impact Bitcoin&#8216;s recent bullish momentum. Bitcoin And Other High-Risk Assets Like Stocks Remain Exposed to Another Collapse Fear, uncertainty, and doubt. FUD is among the most commonly used terms in the crypto space, as those three powerful emotions have the potential to cause massive, panic-induced selloffs. The fear of the novel coronavirus in early Q1 2020 and uncertainty over how it would impact the economy caused investors to doubt their investments and dumped holdings for cash in a catastrophic collapse and liquidity crisis. The selloff was so strong, the day is now referred to as Black Thursday. During the selloff, the stock market tumbled, Bitcoin crashed over 50%, and even safe haven assets like gold fell from highs. Later on, as things got worse, oil prices fell into the negative for the first time in recorded history. Related Reading | Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets\u00a0 But once stimulus checks started arriving, and lockdown measures began flattening the curve, the stock market began surging and Bitcoin has been on a steady, sustained upward trend. Markets May Tumble If Unusual Rolling Lockdown Plan Leads To Fear And Uncertainty Today, however, Bitcoin price began to crash, potentially on the heels of the latest news that an unusual economic reopening strategy has been revealed that may cause further uncertainty. As was seen on Black Thursday, when investors are uncertain, doubtful, or fearful, high risk assets are the first to get dumped. Gains seen in the stock market could be erased, and Bitcoin and cryptocurrencies could see another powerful collapse. The global economy is on thin ice and even the slightest setback could cause another major market crash. The plan suggests a cycle of 50-days worth of mitigation measures in full force, followed by 30 days of more lax measures. Related Reading | US Treasury Issues Stimulus Debit Cards Because They Failed to Launch a Cryptocurrency\u00a0 The strategy is said to reduce the reproductive rate of the virus. While this could let the suppressed economy breathe and allow for a more sustainable solution to the abrupt change in everyday life, it could also cause such uncertainty that there&#8217;s no chance of an economic recovery at all. And during the 30 days of the more lax policy, it could theoretically undo the previous 50 days of stricter measures only making matters worse. The economy must reopen for things to get back to normal, but given the pandemic&#8217;s stronghold over the world, some sort of rolling lockdown may eventually be the new normal altogether. How this impacts Bitcoin is anyone&#8217;s guess, but the high risk asset could be in trouble as a result.<\/p>\n","protected":false},"author":517,"featured_media":424593,"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":[428,1119,1144,78790,6664,76835],"class_list":["post-424590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>New COVID-19 Lockdown Proposal Poses Unique Threat to Bitcoin&#039;s Ongoing Momentum<\/title>\n<meta name=\"description\" content=\"A new and wildly unusual COVID-19 lockdown strategy proposal for slowly reopening the economy has many investors and financial analysts scratching their\" \/>\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\/lockdown-proposal-bitcoin-momentum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New COVID-19 Lockdown Proposal Poses Unique Threat to Bitcoin&#039;s Ongoing Momentum\" \/>\n<meta property=\"og:description\" content=\"A new and wildly unusual COVID-19 lockdown strategy proposal for slowly reopening the economy has many investors and financial analysts scratching their\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/lockdown-proposal-bitcoin-momentum\/\" \/>\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=\"2020-05-20T18:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-20T18:38:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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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":"New COVID-19 Lockdown Proposal Poses Unique Threat to Bitcoin&#8217;s Ongoing Momentum","url":"http:\/\/wncen.com\/news\/lockdown-proposal-bitcoin-momentum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/lockdown-proposal-bitcoin-momentum\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/05\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?fit=2560%2C1707"},"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","btc","btcusd","btcusdt","crypto","xbtusd"],"dateCreated":"2020-05-20T18:30:33Z","datePublished":"2020-05-20T18:30:33Z","dateModified":"2020-05-20T18:38:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"New COVID-19 Lockdown Proposal Poses Unique Threat to Bitcoin&#8217;s Ongoing Momentum\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/lockdown-proposal-bitcoin-momentum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/lockdown-proposal-bitcoin-momentum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?fit=2560%2C1707\"},\"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\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbtusd\"],\"dateCreated\":\"2020-05-20T18:30:33Z\",\"datePublished\":\"2020-05-20T18:30:33Z\",\"dateModified\":\"2020-05-20T18:38:38Z\"}<\/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\/2020\/05\/bitcoin-covid-19-lockdown-shutterstock_1729440418-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/424590"}],"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=424590"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/424590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/424593"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=424590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=424590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=424590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}