{"id":456932,"date":"2021-02-17T11:04:15","date_gmt":"2021-02-17T11:04:15","guid":{"rendered":"https:\/\/wncen.com\/?p=456932"},"modified":"2024-06-11T14:13:25","modified_gmt":"2024-06-11T14:13:25","slug":"correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","title":{"rendered":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally"},"content":{"rendered":"<p>Another day, another all-time high for Bitcoin.<\/p>\n<p>The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion.<\/p>\n<blockquote><p>&#8220;We should hit $2 trillion this year,&#8221; said Ronnie Moas, the founder of Standpoint Research, after the rally. &#8220;The 2021 price target is $112,000.&#8221;<\/p><\/blockquote>\n<h2>Fundamentally-Driven Bitcoin Boom<\/h2>\n<p>Traders increased their bids in the cryptocurrency market after Nasdaq-listed software intelligence firm MicroStrategy <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-blasts-past-50000-as-microstrategy-plans-600m-capital-injection\/\" target=\"_blank\" rel=\"noopener \">announced<\/a> that it plans to buy $600 million worth of bitcoins by raising funds via a debt sale. It already holds more than 70,000 BTC in its reserves, whose current worth is a little over $3.5 billion.<\/p>\n<p>Bitcoin was already riding higher after Tesla, a Fortune 500 company, <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-eyes-50k-with-weaker-dollar-stimulus-and-tesla-in-focus\/\" target=\"_blank\" rel=\"noopener \">revealed<\/a> that it holds $1.5 billion worth of BTC in its reserves. The US carmaker also raised upside speculations in the Bitcoin market after announcing that it may purchase more of the cryptocurrency and might even start accepting it as a payment mode for its products and services.<\/p>\n<figure id=\"attachment_456938\" aria-describedby=\"caption-attachment-456938\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/EwEksVAh.png\" target=\"_blank\" rel=\"noopener \"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-456938\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/EwEksVAh.png?resize=860%2C498\" alt=\"Bitcoin, cryptocurrency, BTCUSD, BTCUSDT\" width=\"860\" height=\"498\"><\/a><figcaption id=\"caption-attachment-456938\" class=\"wp-caption-text\">Bitcoin is close to hitting a $1 trillion market valuation. Source: BTCUSD on TradingView.com<\/figcaption><\/figure>\n<pre>Bitcoin is close to hitting a $1 trillion market valuation. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=COINBASE\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>The latest spike brought the Bitcoin price up by 56.07 percent in February and in March 76.32 percent on a year-to-date timeframe. Measured from its mid-March nadir of $3,858 last year, the cryptocurrency was up 1,188 percent.<\/p>\n<h2>Further Upside or Correction?<\/h2>\n<p>Many analysts anticipated the <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-btc-could-test-52k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin price rise to continue further<\/a> into the quarterly session, with upside targets flying between $52,000 and $65,000 all over social media.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> is going to 60k from her quicker than anyone expects<\/p>\n<p>&mdash; LilMoonLambo (@LilMoonLambo) <a href=\"https:\/\/twitter.com\/LilMoonLambo\/status\/55481859?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> Price Breaks $50K! Is $63K Next For <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a>?<\/p>\n<p>Small market update on <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#altcoins<\/a> posted here:<a href=\"https:\/\/t.co\/l6h3UrBHDW\" rel=\"nofollow\">https:\/\/t.co\/l6h3UrBHDW<\/a><\/p>\n<p>Don&#39;t forget to subscribe to the channel!<\/p>\n<p>&mdash; Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/05761025?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nonetheless, some analysts also recommended traders wait for a confirmed breakout before extending their long position targets. A pseudonymous analyst noted that Bitcoin&#8217;s latest upside move pushed it over a crucial short-term resistance level, but that does not guarantee a further parabolic move ahead.<\/p>\n<figure id=\"attachment_456941\" aria-describedby=\"caption-attachment-456941\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-456941\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/EuamLWtXEAAEXG9.jpeg?resize=860%2C473\" alt=\"Bitcoin, cryptocurrency, BTCUSD, BTCUSDT\" width=\"860\" height=\"473\"><figcaption id=\"caption-attachment-456941\" class=\"wp-caption-text\">Bitcoin needs to confirm the resistance trendline as new support to confirm a breakout, as presented by the Crypto Cactus. Source: BTCUSD on TradingView.com<\/figcaption><\/figure>\n<pre>Bitcoin needs to confirm the resistance trendline as new support to confirm a breakout, as presented by the Crypto Cactus. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=COINBASE\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<blockquote><p>&#8220;Imagine being chopped out on this, now [that the] price is showing a clean breakout of this key trendline resistance,&#8221; the analyst stated. &#8220;We should technically expect a retest at some point of this trendline to validate it has been flipped into support before moving much higher in the macro.&#8221;<\/p><\/blockquote>\n<p>Meanwhile, Bitcoin entered an overbought zone on its daily timeframe chart, per its Relative Strength Index readings. That points to an imminent downside correction\/consolidation in the sessions ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another day, another all-time high for Bitcoin. The benchmark cryptocurrency continued its upside trend heading into the European session Wednesday as its price jumped above $51,700 for the first time in history. Meanwhile, its market capitalization surged to over $960 billion, just 3 percent shy of hitting $1 trillion. &#8220;We should hit $2 trillion this year,&#8221; said Ronnie Moas, the founder of Standpoint Research, after the rally. &#8220;The 2021 price target is $112,000.&#8221; Fundamentally-Driven Bitcoin Boom Traders increased their bids in the cryptocurrency market after Nasdaq-listed software intelligence firm MicroStrategy announced that it plans to buy $600 million worth of bitcoins by raising funds via a debt sale. It already holds more than 70,000 BTC in its reserves, whose current worth is a little over $3.5 billion. Bitcoin was already riding higher after Tesla, a Fortune 500 company, revealed that it holds $1.5 billion worth of BTC in its reserves. The US carmaker also raised upside speculations in the Bitcoin market after announcing that it may purchase more of the cryptocurrency and might even start accepting it as a payment mode for its products and services. Bitcoin is close to hitting a $1 trillion market valuation. Source: BTCUSD on TradingView.com The latest spike brought the Bitcoin price up by 56.07 percent in February and in March 76.32 percent on a year-to-date timeframe. Measured from its mid-March nadir of $3,858 last year, the cryptocurrency was up 1,188 percent. Further Upside or Correction? Many analysts anticipated the Bitcoin price rise to continue further into the quarterly session, with upside targets flying between $52,000 and $65,000 all over social media. $BTC is going to 60k from her quicker than anyone expects &mdash; LilMoonLambo (@LilMoonLambo) February 17, 2021 #Bitcoin Price Breaks $50K! Is $63K Next For #Bitcoin? Small market update on $BTC and #altcoins posted here:https:\/\/t.co\/l6h3UrBHDW Don&#39;t forget to subscribe to the channel! &mdash; Micha\u00ebl van de Poppe (@CryptoMichNL) February 17, 2021 Nonetheless, some analysts also recommended traders wait for a confirmed breakout before extending their long position targets. A pseudonymous analyst noted that Bitcoin&#8217;s latest upside move pushed it over a crucial short-term resistance level, but that does not guarantee a further parabolic move ahead. Bitcoin needs to confirm the resistance trendline as new support to confirm a breakout, as presented by the Crypto Cactus. Source: BTCUSD on TradingView.com &#8220;Imagine being chopped out on this, now [that the] price is showing a clean breakout of this key trendline resistance,&#8221; the analyst stated. &#8220;We should technically expect a retest at some point of this trendline to validate it has been flipped into support before moving much higher in the macro.&#8221; Meanwhile, Bitcoin entered an overbought zone on its daily timeframe chart, per its Relative Strength Index readings. That points to an imminent downside correction\/consolidation in the sessions ahead.<\/p>\n","protected":false},"author":50,"featured_media":456942,"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":[428,1144,78790,1558],"class_list":["post-456932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.\" \/>\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\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally\" \/>\n<meta property=\"og:description\" content=\"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\" \/>\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=\"2021-02-17T11:04:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:13:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"718\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yashu Gola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yashu Gola\" \/>\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\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\"},\"author\":{\"name\":\"Yashu Gola\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f\"},\"headline\":\"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally\",\"datePublished\":\"2021-02-17T11:04:15+00:00\",\"dateModified\":\"2024-06-11T14:13:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\"},\"wordCount\":431,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\",\"keywords\":[\"bitcoin\",\"btcusd\",\"BTCUSDT\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\",\"url\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\",\"name\":\"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\",\"datePublished\":\"2021-02-17T11:04:15+00:00\",\"dateModified\":\"2024-06-11T14:13:25+00:00\",\"description\":\"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\",\"width\":1000,\"height\":718,\"caption\":\"Writing note showing Market Correction. Business concept for When prices fall 10 percent from the 52 week high\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally\"}]},{\"@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\/5525937b173cfbe70c9793968201315f\",\"name\":\"Yashu Gola\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g\",\"caption\":\"Yashu Gola\"},\"description\":\"Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.\",\"url\":\"https:\/\/wncen.com\/author\/gola-yashu\/\"}]}<\/script>\n","yoast_head_json":{"title":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally","description":"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.","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\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","og_locale":"en_US","og_type":"article","og_title":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally","og_description":"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.","og_url":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-02-17T11:04:15+00:00","article_modified_time":"2024-06-11T14:13:25+00:00","og_image":[{"width":1000,"height":718,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","type":"image\/jpeg"}],"author":"Yashu Gola","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Yashu Gola","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/"},"author":{"name":"Yashu Gola","@id":"https:\/\/wncen.com\/#\/schema\/person\/5525937b173cfbe70c9793968201315f"},"headline":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally","datePublished":"2021-02-17T11:04:15+00:00","dateModified":"2024-06-11T14:13:25+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/"},"wordCount":431,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","keywords":["bitcoin","btcusd","BTCUSDT","cryptocurrency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","url":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","name":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","datePublished":"2021-02-17T11:04:15+00:00","dateModified":"2024-06-11T14:13:25+00:00","description":"Bitcoin continued its upside trend heading into the session Wednesday as its price jumped above $51,700 for the first time in history.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","width":1000,"height":718,"caption":"Writing note showing Market Correction. Business concept for When prices fall 10 percent from the 52 week high"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally"}]},{"@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\/5525937b173cfbe70c9793968201315f","name":"Yashu Gola","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/28bbfac767d31469cf5062a0d68508d3?s=96&d=mm&r=g","caption":"Yashu Gola"},"description":"Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 \u2013 and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN. Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.","url":"https:\/\/wncen.com\/author\/gola-yashu\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally","url":"http:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Yashu Gola"}],"creator":["Yashu Gola"],"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","cryptocurrency"],"dateCreated":"2021-02-17T11:04:15Z","datePublished":"2021-02-17T11:04:15Z","dateModified":"2024-06-11T14:13:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Correction Anticipated as Bitcoin Runs Past $51,700 in Parabolic Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/correction-anticipated-as-bitcoin-runs-past-51700-in-parabolic-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_369029416_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Yashu Gola\"}],\"creator\":[\"Yashu Gola\"],\"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\",\"cryptocurrency\"],\"dateCreated\":\"2021-02-17T11:04:15Z\",\"datePublished\":\"2021-02-17T11:04:15Z\",\"dateModified\":\"2024-06-11T14:13:25Z\"}<\/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\/02\/Depositphotos_369029416_s-2019.jpg?fit=1000%2C718","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/456932","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\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=456932"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/456932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456942"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=456932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=456932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=456932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}