{"id":476433,"date":"2021-11-16T03:28:50","date_gmt":"2021-11-16T03:28:50","guid":{"rendered":"https:\/\/wncen.com\/?p=476433"},"modified":"2024-06-11T14:00:19","modified_gmt":"2024-06-11T14:00:19","slug":"bitcoin-bears-are-back-60k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/","title":{"rendered":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K"},"content":{"rendered":"<p><em>Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline from the $66,400 resistance zone.<\/li>\n<li>The price is now trading well below $65,000 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could extend losses below the $61,200 and $60,500 support levels in the near term.<\/li>\n<\/ul>\n<h2>Bitcoin Price Starts Fresh Decline<\/h2>\n<p>Bitcoin price failed to gain strength above the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-eyes-fresh-rally-why-close-above-66k-is-important\/\" target=\"_blank\" rel=\"noopener \">$66,000 resistance zone<\/a>. BTC topped near $66,400 and started a fresh decline. There was a major decline below the $65,000 support level and the 100 hourly simple moving average.<\/p>\n<p>The price even traded below the $63,500 and $63,000 support levels. Besides, there was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC\/USD pair. The bears gained momentum for a move below the $62,000 support zone.<\/p>\n<p>A low is formed near $61,126 and the price is now consolidating losses. On the upside, an immediate resistance is near the $62,000 level. The first major resistance is near the $62,400 level. It is close to the 23.6% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low.<\/p>\n<p>A clear break above $62,400 resistance may possibly call open the doors for a steady recovery. The next major resistance sits near the $63,000 level. The <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-consolidates-losses-66k\/\" target=\"_blank\" rel=\"noopener \">main breakout resistance<\/a> is now forming near the $63,750 level.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-476434\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?resize=1950%2C1113\" alt=\"Bitcoin Price\" width=\"1950\" height=\"1113\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=1950 1950w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/Bitcoin-11.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<pre>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>The 50% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low is also near the $63,750 level to act as a key hurdle.<\/p>\n<h2>More Losses in BTC?<\/h2>\n<p>If bitcoin fails to recover above the $63,000 resistance zone, it could extend decline. An immediate support on the downside is near the $61,200 level.<\/p>\n<p>The first major support is now forming near the $61,000 level. The next major support is near the $60,000 level, below which the bulls could struggle to keep the price in the green zone in the short-term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the oversold zone.<\/p>\n<p>Major Support Levels \u2013 $61,200, followed by $60,000.<\/p>\n<p>Major Resistance Levels \u2013 $62,400, $63,000 and $63,750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could extend losses below the $61,200 and $60,500 support levels in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to gain strength above the $66,000 resistance zone. BTC topped near $66,400 and started a fresh decline. There was a major decline below the $65,000 support level and the 100 hourly simple moving average. The price even traded below the $63,500 and $63,000 support levels. Besides, there was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC\/USD pair. The bears gained momentum for a move below the $62,000 support zone. A low is formed near $61,126 and the price is now consolidating losses. On the upside, an immediate resistance is near the $62,000 level. The first major resistance is near the $62,400 level. It is close to the 23.6% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low. A clear break above $62,400 resistance may possibly call open the doors for a steady recovery. The next major resistance sits near the $63,000 level. The main breakout resistance is now forming near the $63,750 level. Source: BTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $66,349 swing high to $61,126 low is also near the $63,750 level to act as a key hurdle. More Losses in BTC? If bitcoin fails to recover above the $63,000 resistance zone, it could extend decline. An immediate support on the downside is near the $61,200 level. The first major support is now forming near the $61,000 level. The next major support is near the $60,000 level, below which the bulls could struggle to keep the price in the green zone in the short-term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the oversold zone. Major Support Levels \u2013 $61,200, followed by $60,000. Major Resistance Levels \u2013 $62,400, $63,000 and $63,750.<\/p>\n","protected":false},"author":67,"featured_media":463274,"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":[428,1144,78790,76835],"class_list":["post-476433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K<\/title>\n<meta name=\"description\" content=\"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.\" \/>\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-bears-are-back-60k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\" \/>\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=\"2021-11-16T03:28:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\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-bears-are-back-60k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K\",\"datePublished\":\"2021-11-16T03:28:50+00:00\",\"dateModified\":\"2024-06-11T14:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\"},\"wordCount\":382,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740\",\"keywords\":[\"bitcoin\",\"btcusd\",\"BTCUSDT\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\",\"name\":\"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740\",\"datePublished\":\"2021-11-16T03:28:50+00:00\",\"dateModified\":\"2024-06-11T14:00:19+00:00\",\"description\":\"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740\",\"width\":1000,\"height\":740,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K\"}]},{\"@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\/1f8631be4d0868de3fd2f21f17d9ae70\",\"name\":\"Aayush Jindal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g\",\"caption\":\"Aayush Jindal\"},\"description\":\"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/\",\"https:\/\/x.com\/twitter.com\/AayushJs\"],\"url\":\"https:\/\/wncen.com\/author\/aayushjindal\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K","description":"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.","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-bears-are-back-60k\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K","og_description":"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.","og_url":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-16T03:28:50+00:00","article_modified_time":"2024-06-11T14:00:19+00:00","og_image":[{"width":1000,"height":740,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740","type":"image\/jpeg"}],"author":"Aayush Jindal","twitter_card":"summary_large_image","twitter_creator":"@twitter.com\/AayushJs","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Aayush Jindal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/"},"author":{"name":"Aayush Jindal","@id":"https:\/\/wncen.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70"},"headline":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K","datePublished":"2021-11-16T03:28:50+00:00","dateModified":"2024-06-11T14:00:19+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/"},"wordCount":382,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740","keywords":["bitcoin","btcusd","BTCUSDT","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/","url":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/","name":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740","datePublished":"2021-11-16T03:28:50+00:00","dateModified":"2024-06-11T14:00:19+00:00","description":"Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740","width":1000,"height":740,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K"}]},{"@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\/1f8631be4d0868de3fd2f21f17d9ae70","name":"Aayush Jindal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4650459bf0ce4ce9ed18195cbf5a02d?s=96&d=mm&r=g","caption":"Aayush Jindal"},"description":"Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K","url":"http:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-bears-are-back-60k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/05\/shutterstock_614141174.jpg?fit=1000%2C740"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","btcusdt","xbtusd"],"dateCreated":"2021-11-16T03:28:50Z","datePublished":"2021-11-16T03:28:50Z","dateModified":"2024-06-11T14:00:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bears-are-back-60k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-bears-are-back-60k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_614141174.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/shutterstock_614141174.jpg?fit=1000%2C740\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2021-11-16T03:28:50Z\",\"datePublished\":\"2021-11-16T03:28:50Z\",\"dateModified\":\"2024-06-11T14:00:19Z\"}<\/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\/05\/shutterstock_614141174.jpg?fit=1000%2C740","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/476433","targetHints":{"allow":["GET"]}}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=476433"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/476433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/463274"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=476433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=476433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=476433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}