{"id":469064,"date":"2021-08-12T00:00:53","date_gmt":"2021-08-12T00:00:53","guid":{"rendered":"https:\/\/wncen.com\/?p=469064"},"modified":"2024-06-11T13:57:39","modified_gmt":"2024-06-11T13:57:39","slug":"bitcoin-bulls-what-bear-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/","title":{"rendered":"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe"},"content":{"rendered":"<p>Bitcoin price is back at $46,000 after <a href=\"https:\/\/wncen.com\/analysis\/btc\/parabolic-bitcoin-price-danger-cycle\/\">a few month reset<\/a> back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of $65,000 had the cryptocurrency community calling for a bear market, but according to a trend strength indicator, bears are nowhere in sight.<\/p>\n<p>In fact, the tool, called the Average Directional Index suggests that bulls are now back in control over Bitcoin price action on every major timeframe.<\/p>\n<h2>Bitcoin Ready For Final Push According To ADX Indicator<\/h2>\n<p>Bitcoin is an unusually bullish asset that has only truly known <a href=\"https:\/\/wncen.com\/news\/bitcoin-fate-bull-market-support\/\">a secular bull market<\/a> despite the recurring 80 to 90% drawdowns that end each cycle. These so-called &#8220;bear markets&#8221; barely turn technical indicators bearish, and result in new highs less than four years later.<\/p>\n<p>Instead of a bear market, these phases could better be described as <a href=\"https:\/\/en.wikipedia.org\/wiki\/Regression_toward_the_mean\" rel=\"nofollow\">a return to mean<\/a> after a bubble phase \u2013 a bubble phase that hasn&#8217;t yet completed, according to a trend-strength measuring tool.<\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <a class=\"row-title\" href=\"https:\/\/wncen.com\/analysis\/btc\/hammer-golden-ratio-6-bullish-bitcoin\/\">How A Hammer &amp; The Golden Ratio Could Mean 6 More Months Of Bullish Bitcoin<\/a><\/i><\/b><\/p>\n<p>The tool in reference is the <a href=\"https:\/\/wncen.com\/analysis\/btc\/why-the-next-bitcoin-bear-market-will-be-the-worst-yet\/\">Average Directional Index<\/a>, created by J. Welles Wilder who also is the creator of the Relative Strength Index, Parabolic SAR, and other popular indicators today.<\/p>\n<p>The ADX is easy to read, and suggests a trend is blossoming when readings reach over 20. What this particular reading doesn&#8217;t tell you, however, is which side of the market is in charge: bears or bulls.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-469076 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/BTCUSD_2021-08-11_17-23-36.png?resize=860%2C383\" alt=\"bitcoin bulls\" width=\"860\" height=\"383\"><\/p>\n<pre style=\"text-align: center\">Bulls have control over BTC on every major timeframe | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<h2>Bulls Are In Control Of Crypto On All Major Timeframes<\/h2>\n<p>The <a href=\"https:\/\/wncen.com\/topic\/how-to-gauge-trend-strength\/\">Average Directional Index<\/a> typically comes equipped with a positive and a negative directional indicator. These indicators fill in the missing piece of the puzzle and clues in analysts which side is winning before the trend begins to strengthen.<\/p>\n<p>If bears are in charge and the ADX begins to trend, then crypto is doomed to deeper lows. If bulls are in charge, then <a href=\"https:\/\/wncen.com\/wp-admin\/post.php?post=468898&amp;action=edit&amp;classic-editor\">charge they will to new highs<\/a>.<\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <a class=\"row-title\" href=\"https:\/\/wncen.com\/wp-admin\/post.php?post=468898&amp;action=edit&amp;classic-editor\">Three White Soldiers: The Signal That Shows Bitcoin Bulls Are Preparing For Battle<\/a><\/i><\/b><\/p>\n<p>The chart above shows that on the daily timeframe bulls have control over Bitcoin. On the three-day timeframe, the short-lived bear phase is ending, and bulls just got the upper hand. Next in the row of BTC charts, is the weekly, which only narrowly has turned bullish. This could suggest a little more downside on this timeframe, but elsewhere the direction should be up.<\/p>\n<p>Finally, the last chart depicts the BTCUSD monthly, which not only shows that bulls never even really close control in the first place, but that the bull trend reached nowhere near past peaks, and this could indicate the rally <a href=\"https:\/\/wncen.com\/wp-admin\/post.php?post=468898&amp;action=edit&amp;classic-editor\">will march forward in the days ahead<\/a> \u2013 at least that appears to be what the ADX is suggesting based on the bevy of bullish signals.<\/p>\n<p><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/tonyspilotroBTC\" rel=\"nofollow\"><b><i>@TonySpilotroBTC on Twitter<\/i><\/b><\/a><b><i> or via <\/i><\/b><a href=\"https:\/\/t.me\/TonyTradesBTC\" rel=\"nofollow\"><b><i>the TonyTradesBTC Telegram<\/i><\/b><\/a><b><i>. Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\n<pre>Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of $65,000 had the cryptocurrency community calling for a bear market, but according to a trend strength indicator, bears are nowhere in sight. In fact, the tool, called the Average Directional Index suggests that bulls are now back in control over Bitcoin price action on every major timeframe. Bitcoin Ready For Final Push According To ADX Indicator Bitcoin is an unusually bullish asset that has only truly known a secular bull market despite the recurring 80 to 90% drawdowns that end each cycle. These so-called &#8220;bear markets&#8221; barely turn technical indicators bearish, and result in new highs less than four years later. Instead of a bear market, these phases could better be described as a return to mean after a bubble phase \u2013 a bubble phase that hasn&#8217;t yet completed, according to a trend-strength measuring tool. Related Reading | How A Hammer &amp; The Golden Ratio Could Mean 6 More Months Of Bullish Bitcoin The tool in reference is the Average Directional Index, created by J. Welles Wilder who also is the creator of the Relative Strength Index, Parabolic SAR, and other popular indicators today. The ADX is easy to read, and suggests a trend is blossoming when readings reach over 20. What this particular reading doesn&#8217;t tell you, however, is which side of the market is in charge: bears or bulls. Bulls have control over BTC on every major timeframe | Source: BTCUSD on TradingView.com Bulls Are In Control Of Crypto On All Major Timeframes The Average Directional Index typically comes equipped with a positive and a negative directional indicator. These indicators fill in the missing piece of the puzzle and clues in analysts which side is winning before the trend begins to strengthen. If bears are in charge and the ADX begins to trend, then crypto is doomed to deeper lows. If bulls are in charge, then charge they will to new highs. Related Reading | Three White Soldiers: The Signal That Shows Bitcoin Bulls Are Preparing For Battle The chart above shows that on the daily timeframe bulls have control over Bitcoin. On the three-day timeframe, the short-lived bear phase is ending, and bulls just got the upper hand. Next in the row of BTC charts, is the weekly, which only narrowly has turned bullish. This could suggest a little more downside on this timeframe, but elsewhere the direction should be up. Finally, the last chart depicts the BTCUSD monthly, which not only shows that bulls never even really close control in the first place, but that the bull trend reached nowhere near past peaks, and this could indicate the rally will march forward in the days ahead \u2013 at least that appears to be what the ADX is suggesting based on the bevy of bullish signals. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":469077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-469064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>What Bear Market? Bulls Now &quot;In Control&quot; Over Every Bitcoin Timeframe<\/title>\n<meta name=\"description\" content=\"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of\" \/>\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-bulls-what-bear-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Bear Market? Bulls Now &quot;In Control&quot; Over Every Bitcoin Timeframe\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\" \/>\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=\"2021-08-12T00:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:57:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe\",\"datePublished\":\"2021-08-12T00:00:53+00:00\",\"dateModified\":\"2024-06-11T13:57:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\"},\"wordCount\":493,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\",\"name\":\"What Bear Market? Bulls Now \\\"In Control\\\" Over Every Bitcoin Timeframe\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\",\"datePublished\":\"2021-08-12T00:00:53+00:00\",\"dateModified\":\"2024-06-11T13:57:39+00:00\",\"description\":\"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\",\"width\":1254,\"height\":836,\"caption\":\"bitcoin bulls bear market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe\"}]},{\"@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":"What Bear Market? Bulls Now \"In Control\" Over Every Bitcoin Timeframe","description":"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of","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-bulls-what-bear-market\/","og_locale":"en_US","og_type":"article","og_title":"What Bear Market? Bulls Now \"In Control\" Over Every Bitcoin Timeframe","og_description":"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of","og_url":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-08-12T00:00:53+00:00","article_modified_time":"2024-06-11T13:57:39+00:00","og_image":[{"width":1254,"height":836,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe","datePublished":"2021-08-12T00:00:53+00:00","dateModified":"2024-06-11T13:57:39+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/"},"wordCount":493,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/","url":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/","name":"What Bear Market? Bulls Now \"In Control\" Over Every Bitcoin Timeframe","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","datePublished":"2021-08-12T00:00:53+00:00","dateModified":"2024-06-11T13:57:39+00:00","description":"Bitcoin price is back at $46,000 after a few month reset back to $30,000 and slightly below. A more than 50% collapse from the current all-time high of","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","width":1254,"height":836,"caption":"bitcoin bulls bear market"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe"}]},{"@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":"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe","url":"http:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bulls-what-bear-market\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","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","xbt","xbtusd"],"dateCreated":"2021-08-12T00:00:53Z","datePublished":"2021-08-12T00:00:53Z","dateModified":"2024-06-11T13:57:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"What Bear Market? Bulls Now &#8220;In Control&#8221; Over Every Bitcoin Timeframe\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-what-bear-market\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bulls-what-bear-market\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2021-08-12T00:00:53Z\",\"datePublished\":\"2021-08-12T00:00:53Z\",\"dateModified\":\"2024-06-11T13:57:39Z\"}<\/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\/2021\/08\/bitcoin-bulls-bear-market-iStock-841948338.jpeg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/469064"}],"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=469064"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/469064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/469077"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=469064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=469064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=469064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}