{"id":475768,"date":"2021-11-08T21:58:20","date_gmt":"2021-11-08T21:58:20","guid":{"rendered":"https:\/\/wncen.com\/?p=475768"},"modified":"2024-06-11T14:00:09","modified_gmt":"2024-06-11T14:00:09","slug":"bitcoin-cemented-60k-btc-to-new-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/","title":{"rendered":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance"},"content":{"rendered":"<p>Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its current levels and destroying all opposition to trade at $66,428, as of press time.<\/p>\n<figure id=\"attachment_475806\" aria-describedby=\"caption-attachment-475806\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-475806 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-BTCUSD-3.png?resize=860%2C404\" alt=\"Bitcoin BTC BTCUSD\" width=\"860\" height=\"404\"><figcaption id=\"caption-attachment-475806\" class=\"wp-caption-text\">BTC on a rally in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/hstM8J8q\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>The general sentiment in the market seems to have flipped bullish once more after a week of sideways price action. This consolidation time period appears to have given bulls enough impulse to taken on its next major resistance at $67,000.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/s2f-creator-planb-98k-nov-bitcoin\/\" target=\"_blank\" rel=\"noopener \">S2F Creator PlanB Believes In $98k Nov Target For Bitcoin<\/a><br \/>\n<\/strong><\/p>\n<p>In low timeframes, as seen below on <a href=\"https:\/\/materialindicators.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Material Indicator<\/a>\u2019s Fire Chart, BTC\u2019s price is accumulating support at $65,000, after this level turned from resistance to support. The chart uses CVD data to determine the buying\/selling pressure across multiple price levels.<\/p>\n<p>At $67,000, there is around $33 million in ask orders that represent the bulls\u2019 biggest obstacle to place Bitcoin back into price discovery. Similarly, at $65,000 there are around $16 million in bids orders that could operate as good support for the short term.<\/p>\n<figure id=\"attachment_475805\" aria-describedby=\"caption-attachment-475805\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-475805 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-BTC-BTCUSD-FC.jpg?resize=860%2C265\" alt=\"Bitcoin BTC BTCUSD FC\" width=\"860\" height=\"265\"><figcaption id=\"caption-attachment-475805\" class=\"wp-caption-text\">Source: Material Indicators<\/figcaption><\/figure>\n<p>Additional data provided by Material Indicators register a spike in buying pressure from whales and medium size investors. This data is supported by research firm Santiment, as the chart below shows, addresses with over 10,000 to 100,000 BTC accumulated over 43,000 BTC in the past 5 days resulting in more fuel for Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> made a major leap in the early Monday hours, and crept up above $66k briefly as most <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#altcoins<\/a> lagged behind. Large whale addresses holding 10k to 100k <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> have accumulated 43k more <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> and increased their bags +2.1% in just the last 5 days. <a href=\"https:\/\/t.co\/I2LmF24XDc\" rel=\"nofollow\">https:\/\/t.co\/I2LmF24XDc<\/a> <a href=\"https:\/\/t.co\/Rn3swKcjVA\" rel=\"nofollow\">pic.twitter.com\/Rn3swKcjVA<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/84145923?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In that sense, pseudonym analyst CryptoBirb presented a potential scenario for the price of Bitcoin after it broke out to its current levels. This analyst believes BTC could retest the low of $60,000 before the bulls have enough ammunition to propel the cryptocurrency to $80,000.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-starts-fresh-rally-70k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Starts Fresh Rally, Why BTC Could Breach $70K This Time<\/a><\/strong><\/p>\n<p>Via Twitter, CryptoBirb <a href=\"https:\/\/twitter.com\/crypto_birb\/status\/68856580\" target=\"_blank\" rel=\"noopener nofollow\">claimed<\/a> the following:<\/p>\n<blockquote><p>$BTC about to pull off new ATH and noobs trying to fade the breakout will only feed this monster enough to fly past $80,000 (\u2026) retest is optional, if I were you, I would not base my entire strategy on it.<\/p><\/blockquote>\n<h2>Bitcoin Price Validated At $60,000?<\/h2>\n<p>In support of the bullish thesis, analyst Willy Woo presented the Bitcoin Supply Profile indicator. According to Woo, this metric shows the BTC market dynamic and how coins have exchanged hands in 2021 suggesting that investors have accepted the $50,000 to $60,000 levels as major support zones. Woo <a href=\"https:\/\/twitter.com\/woonomic\/status\/95910146\" target=\"_blank\" rel=\"noopener nofollow\">said<\/a>:<\/p>\n<blockquote><p>Contour map of every bitcoin at the price they last changed hands between investors. Huge price validation between $50k-$60k. Bitcoin as a $1T asset class IMO is now cemented; hard to see it dropping below this zone.<\/p><\/blockquote>\n<p>The next days will be crucial to determine if Bitcoin will retest the lows at these levels or if it will break to the upside with its eye set to burn straight into $100,000 by the end of the year.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |<\/strong> <strong><a href=\"https:\/\/wncen.com\/news\/bitcoin\/s2f-hypes-10k-daily-bitcoin-candles\/\" target=\"_blank\" rel=\"noopener \">S2F Model Creator Hypes Up $10K Daily Bitcoin Candles<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its current levels and destroying all opposition to trade at $66,428, as of press time. The general sentiment in the market seems to have flipped bullish once more after a week of sideways price action. This consolidation time period appears to have given bulls enough impulse to taken on its next major resistance at $67,000. Related Reading | S2F Creator PlanB Believes In $98k Nov Target For Bitcoin In low timeframes, as seen below on Material Indicator\u2019s Fire Chart, BTC\u2019s price is accumulating support at $65,000, after this level turned from resistance to support. The chart uses CVD data to determine the buying\/selling pressure across multiple price levels. At $67,000, there is around $33 million in ask orders that represent the bulls\u2019 biggest obstacle to place Bitcoin back into price discovery. Similarly, at $65,000 there are around $16 million in bids orders that could operate as good support for the short term. Additional data provided by Material Indicators register a spike in buying pressure from whales and medium size investors. This data is supported by research firm Santiment, as the chart below shows, addresses with over 10,000 to 100,000 BTC accumulated over 43,000 BTC in the past 5 days resulting in more fuel for Bitcoin. \ud83d\udc33 #Bitcoin made a major leap in the early Monday hours, and crept up above $66k briefly as most #altcoins lagged behind. Large whale addresses holding 10k to 100k $BTC have accumulated 43k more $BTC and increased their bags +2.1% in just the last 5 days. https:\/\/t.co\/I2LmF24XDc pic.twitter.com\/Rn3swKcjVA &mdash; Santiment (@santimentfeed) November 8, 2021 In that sense, pseudonym analyst CryptoBirb presented a potential scenario for the price of Bitcoin after it broke out to its current levels. This analyst believes BTC could retest the low of $60,000 before the bulls have enough ammunition to propel the cryptocurrency to $80,000. Related Reading | Bitcoin Starts Fresh Rally, Why BTC Could Breach $70K This Time Via Twitter, CryptoBirb claimed the following: $BTC about to pull off new ATH and noobs trying to fade the breakout will only feed this monster enough to fly past $80,000 (\u2026) retest is optional, if I were you, I would not base my entire strategy on it. Bitcoin Price Validated At $60,000? In support of the bullish thesis, analyst Willy Woo presented the Bitcoin Supply Profile indicator. According to Woo, this metric shows the BTC market dynamic and how coins have exchanged hands in 2021 suggesting that investors have accepted the $50,000 to $60,000 levels as major support zones. Woo said: Contour map of every bitcoin at the price they last changed hands between investors. Huge price validation between $50k-$60k. Bitcoin as a $1T asset class IMO is now cemented; hard to see it dropping below this zone. The next days will be crucial to determine if Bitcoin will retest the lows at these levels or if it will break to the upside with its eye set to burn straight into $100,000 by the end of the year. Related Reading | S2F Model Creator Hypes Up $10K Daily Bitcoin Candles<\/p>\n","protected":false},"author":535,"featured_media":474024,"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":[],"class_list":["post-475768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance<\/title>\n<meta name=\"description\" content=\"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its\" \/>\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-cemented-60k-btc-to-new-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance\" \/>\n<meta property=\"og:description\" content=\"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\" \/>\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=\"2021-11-08T21:58:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\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-cemented-60k-btc-to-new-high\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance\",\"datePublished\":\"2021-11-08T21:58:20+00:00\",\"dateModified\":\"2024-06-11T14:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500\",\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\",\"name\":\"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500\",\"datePublished\":\"2021-11-08T21:58:20+00:00\",\"dateModified\":\"2024-06-11T14:00:09+00:00\",\"description\":\"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500\",\"width\":900,\"height\":500,\"caption\":\"Picture of a gold bitcoin with a gold crown on it\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance\"}]},{\"@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\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance","description":"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its","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-cemented-60k-btc-to-new-high\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance","og_description":"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its","og_url":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-08T21:58:20+00:00","article_modified_time":"2024-06-11T14:00:09+00:00","og_image":[{"width":900,"height":500,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance","datePublished":"2021-11-08T21:58:20+00:00","dateModified":"2024-06-11T14:00:09+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/"},"wordCount":504,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500","articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/","url":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/","name":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500","datePublished":"2021-11-08T21:58:20+00:00","dateModified":"2024-06-11T14:00:09+00:00","description":"Approaching its all-time high above $67,000, Bitcoin sits at profits across the board. The benchmark crypto took off yesterday moving from the low of its","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500","width":900,"height":500,"caption":"Picture of a gold bitcoin with a gold crown on it"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance"}]},{"@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\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance","url":"http:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-cemented-60k-btc-to-new-high\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-2.jpeg?fit=900%2C500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2021-11-08T21:58:20Z","datePublished":"2021-11-08T21:58:20Z","dateModified":"2024-06-11T14:00:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cemented-60k-btc-to-new-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-cemented-60k-btc-to-new-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin-2.jpeg?fit=900%2C500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2021-11-08T21:58:20Z\",\"datePublished\":\"2021-11-08T21:58:20Z\",\"dateModified\":\"2024-06-11T14:00:09Z\"}<\/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\/10\/bitcoin-2.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475768"}],"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\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=475768"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/474024"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=475768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=475768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=475768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}