{"id":550047,"date":"2023-09-05T17:00:04","date_gmt":"2023-09-05T17:00:04","guid":{"rendered":"https:\/\/wncen.com\/?p=550047"},"modified":"2024-06-11T08:15:22","modified_gmt":"2024-06-11T08:15:22","slug":"heres-what-will-happen-if-bitcoin-can-break-33700","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/","title":{"rendered":"Here’s What Will Happen If Bitcoin Can Break $33,700"},"content":{"rendered":"

On-chain data suggests the $33,700 level could be a very significant level to break for Bitcoin if the historical pattern is anything to go by.<\/p>\n

Bitcoin 6 Months To 3 Years Old Investors Have $33,700 As Cost Basis<\/h2>\n

In a new post on X<\/a>, Ali, an analyst, has shared a chart that could shed light on the path that BTC may end up taking. The relevant indicator here is the “realized price<\/a>,” which tells us about the price at which the average investor in the Bitcoin market acquired their coins.<\/p>\n

Related Reading: Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever<\/a><\/p>\n

When the spot price of the asset exceeds this line, it means that the holders as a whole are currently carrying a net amount of profit on their coins. On the other hand, BTC being below the level suggests the average investor is underwater right now.<\/p>\n

In the context of the current discussion, the cost basis of the entire market isn’t of relevance, but of only a specific segment: the holders who acquired their coins at least six months and at most three years ago.<\/p>\n

Here is a chart that shows how the cost basis of these Bitcoin investors has changed over the years:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the price is below this line at the moment | Source: @ali_charts on X<\/a><\/pre>\n
The six months to three years old investors are actually a part of the larger “long-term holder<\/a>” (LTH) group. And the LTHs are simply the investors who bought their coins at least six months ago.<\/p>\n
In the chart, the analyst has also attached the data for the cost basis of the entire LTH group and it’s visible that this metric currently has a value of about $20,300, meaning that the spot price is currently a decent distance above this line.<\/p>\n
The realized price of the six months to three years old holders, however, is above the spot price right now, as it’s valued at about $33,755. Naturally, this means that this segment of the LTHs is currently firmly in the red.<\/p>\n
From the graph, it’s also apparent that the Bitcoin price has not touched this level since early 2022, when the bear market<\/a> first kicked off. If the cryptocurrency can surge towards the level and finally make a retest of it, then its fate might change for the better.<\/p>\n
This is because, as Ali has pointed out, BTC has observed a significant rally whenever the asset has crossed this mark and these HODLers have gotten back into profits.<\/p>\n
Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment<\/a><\/div>\n
Three instances of this pattern are clearly visible in the chart. The 2017 bull run, the April 2019 rally, and the 2021 bull run all emerged from successful breaks of the cost basis of the six months to three years old LTHs.<\/p>\n
If this historical pattern holds any weight at all, then a Bitcoin break above the $33,700 level in the near future could become the starting point of the next major bull run.<\/p>\n
BTC Price<\/h2>\n
At present, Bitcoin is quite a bit below the cost basis of these LTHs, as its price is trading just under the $25,800 level.<\/p>\n
\"Bitcoin<\/p>\n
BTC continues to show boring price action | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data suggests the $33,700 level could be a very significant level to break for Bitcoin if the historical pattern is anything to go by. Bitcoin 6 Months To 3 Years Old Investors Have $33,700 As Cost Basis In a new post on X, Ali, an analyst, has shared a chart that could shed light on the path that BTC may end up taking. The relevant indicator here is the “realized price,” which tells us about the price at which the average investor in the Bitcoin market acquired their coins. Related Reading: Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever When the spot price of the asset exceeds this line, it means that the holders as a whole are currently carrying a net amount of profit on their coins. On the other hand, BTC being below the level suggests the average investor is underwater right now. In the context of the current discussion, the cost basis of the entire market isn’t of relevance, but of only a specific segment: the holders who acquired their coins at least six months and at most three years ago. Here is a chart that shows how the cost basis of these Bitcoin investors has changed over the years: Looks like the price is below this line at the moment | Source: @ali_charts on X The six months to three years old investors are actually a part of the larger “long-term holder” (LTH) group. And the LTHs are simply the investors who bought their coins at least six months ago. In the chart, the analyst has also attached the data for the cost basis of the entire LTH group and it’s visible that this metric currently has a value of about $20,300, meaning that the spot price is currently a decent distance above this line. The realized price of the six months to three years old holders, however, is above the spot price right now, as it’s valued at about $33,755. Naturally, this means that this segment of the LTHs is currently firmly in the red. From the graph, it’s also apparent that the Bitcoin price has not touched this level since early 2022, when the bear market first kicked off. If the cryptocurrency can surge towards the level and finally make a retest of it, then its fate might change for the better. This is because, as Ali has pointed out, BTC has observed a significant rally whenever the asset has crossed this mark and these HODLers have gotten back into profits. Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment Three instances of this pattern are clearly visible in the chart. The 2017 bull run, the April 2019 rally, and the 2021 bull run all emerged from successful breaks of the cost basis of the six months to three years old LTHs. If this historical pattern holds any weight at all, then a Bitcoin break above the $33,700 level in the near future could become the starting point of the next major bull run. BTC Price At present, Bitcoin is quite a bit below the cost basis of these LTHs, as its price is trading just under the $25,800 level. BTC continues to show boring price action | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":550087,"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":[428,87431,86297,1119,1144],"class_list":["post-550047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-cost-basis","tag-bitcoin-realized-price","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nHere's What Will Happen If Bitcoin Can Break $33,700<\/title>\n<meta name=\"description\" content=\"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.\" \/>\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\/heres-what-will-happen-if-bitcoin-can-break-33700\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here's What Will Happen If Bitcoin Can Break $33,700\" \/>\n<meta property=\"og:description\" content=\"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\" \/>\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=\"2023-09-05T17:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:15:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\" \/>\n\t<meta property=\"og:image:width\" content=\"6048\" \/>\n\t<meta property=\"og:image:height\" content=\"4024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\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\/heres-what-will-happen-if-bitcoin-can-break-33700\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Here’s What Will Happen If Bitcoin Can Break $33,700\",\"datePublished\":\"2023-09-05T17:00:04+00:00\",\"dateModified\":\"2024-06-11T08:15:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\"},\"wordCount\":534,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\",\"keywords\":[\"bitcoin\",\"Bitcoin Cost-Basis\",\"Bitcoin Realized Price\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\",\"url\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\",\"name\":\"Here's What Will Happen If Bitcoin Can Break $33,700\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\",\"datePublished\":\"2023-09-05T17:00:04+00:00\",\"dateModified\":\"2024-06-11T08:15:22+00:00\",\"description\":\"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\",\"width\":6048,\"height\":4024,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here’s What Will Happen If Bitcoin Can Break $33,700\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Here's What Will Happen If Bitcoin Can Break $33,700","description":"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.","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\/heres-what-will-happen-if-bitcoin-can-break-33700\/","og_locale":"en_US","og_type":"article","og_title":"Here's What Will Happen If Bitcoin Can Break $33,700","og_description":"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.","og_url":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-05T17:00:04+00:00","article_modified_time":"2024-06-11T08:15:22+00:00","og_image":[{"width":6048,"height":4024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Here’s What Will Happen If Bitcoin Can Break $33,700","datePublished":"2023-09-05T17:00:04+00:00","dateModified":"2024-06-11T08:15:22+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/"},"wordCount":534,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","keywords":["bitcoin","Bitcoin Cost-Basis","Bitcoin Realized Price","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/","url":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/","name":"Here's What Will Happen If Bitcoin Can Break $33,700","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","datePublished":"2023-09-05T17:00:04+00:00","dateModified":"2024-06-11T08:15:22+00:00","description":"Data suggests the $33,700 level could be a very significant level to break for Bitcoin, if the historical pattern is anything to go by.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","width":6048,"height":4024,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Here’s What Will Happen If Bitcoin Can Break $33,700"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & 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\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here’s What Will Happen If Bitcoin Can Break $33,700","url":"http:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/heres-what-will-happen-if-bitcoin-can-break-33700\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin cost-basis","bitcoin realized price","btc","btcusd"],"dateCreated":"2023-09-05T17:00:04Z","datePublished":"2023-09-05T17:00:04Z","dateModified":"2024-06-11T08:15:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here’s What Will Happen If Bitcoin Can Break $33,700\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/heres-what-will-happen-if-bitcoin-can-break-33700\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/heres-what-will-happen-if-bitcoin-can-break-33700\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/kanchanara-dRgxo-ujT2U-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin cost-basis\",\"bitcoin realized price\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-09-05T17:00:04Z\",\"datePublished\":\"2023-09-05T17:00:04Z\",\"dateModified\":\"2024-06-11T08:15:22Z\"}<\/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\/2023\/09\/kanchanara-dRgxo-ujT2U-unsplash.jpg?fit=6048%2C4024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550047"}],"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\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550047"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550087"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}