{"id":633916,"date":"2024-08-08T12:00:27","date_gmt":"2024-08-08T12:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=633916"},"modified":"2024-08-08T06:52:55","modified_gmt":"2024-08-08T06:52:55","slug":"more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","title":{"rendered":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap"},"content":{"rendered":"

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.\u00a0<\/span><\/p>\n

However, the leading cryptocurrency has quickly retraced over 3% in the past few hours, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing <\/span>downtrend<\/span><\/a>.<\/span><\/p>\n

BTC\u2019s CME Gap & Bearish Indicators<\/span><\/h2>\n

Crypto analyst Rekt Capital weighed in on the situation, noting Bitcoin’s repeated retracements following unsuccessful attempts to stabilize at higher levels. Rekt Capital <\/span>pointed out<\/span><\/a> that Bitcoin stands on the verge of filling the CME Gap positioned between $53,700 and $54,600.\u00a0<\/span><\/p>\n

While acknowledging the proximity of the current price at $54,900 to this gap, there’s uncertainty surrounding the necessity of filling it, especially considering its relatively minor size.\u00a0<\/span><\/p>\n

Related Reading: BREAKING: XRP Price Rallies 27% As Ripple Secures Major Win In SEC Lawsuit<\/a><\/div>\n
\"Bitcoin\"
The 1D chart shows BTC’s price drop on Wednesday. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

The analyst mused on the possibility that this downward movement could merely signify a volatile daily retest around the $55,800 <\/span>support <\/span><\/a>level, which aligns with the lows seen in early July.\u00a0<\/span><\/p>\n

However, if the CME Gap does require filling, doing so sooner rather than later, while the price remains in close proximity, could be a strategic move, according to Rekt\u2019s analysis.<\/span><\/p>\n

Adding to the bearish indicators, Julio Moreno, Head of Research at data analytics firm CryptoQuant, highlighted a significant <\/span>observation <\/span><\/a>regarding the Bull-Bear Market Cycle Indicator.\u00a0<\/span><\/p>\n

Moreno flagged a bear phase for the first time since January 2023. Previous instances of the indicator signaling bear phases coincided with major market events like the COVID-induced sell-off in March 2020 and the Chinese mining ban in May 2021, accurately predicting the onset of bearish trends in November 2021.<\/span><\/p>\n

$50,000 Bitcoin Support At Risk?\u00a0<\/span><\/h2>\n

Crypto firm Material Indicators has also shared bearish predictions in the near term for the Bitcoin price, <\/span>raising red flags<\/span><\/a> concerning Bitcoin’s bullish momentum. Observing a scenario where Bitcoin bulls are seemingly under siege, the firm notes a stabilization in BTC bids around the $50,000 mark.\u00a0<\/span><\/p>\n

However, the cautionary tone emerges as they brace for a potential dip towards a crucial support level at $45,000 if the $50,000 mark fails to hold firm.<\/span><\/p>\n

Related Reading: Bitcoin Funding Rates Turn Negative: Shorts\u2019 Turn To Get Squeezed?<\/a><\/div>\n

Adding to the market sentiments, market expert Jesse Olson has <\/span>detected <\/span><\/a>a pending sell signal on Bitcoin’s weekly Heikin Ashi chart. This signal, if confirmed, would mark only the fifth such occurrence since 2021, indicating a significant shift in market dynamics.\u00a0<\/span><\/p>\n

Ultimately, it becomes increasingly apparent that Bitcoin must exhibit robust<\/span> bullish momentum<\/span><\/a> in the days ahead to counteract the intensification of the current downtrend.\u00a0<\/span><\/p>\n

Revisiting its all-time high levels of $73,700, achieved in March, now appears contingent upon sustained upward movements to offset the prevailing market pressures.<\/span><\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.\u00a0 However, the leading cryptocurrency has quickly retraced over 3% in the past few hours, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend. BTC\u2019s CME Gap & Bearish Indicators Crypto analyst Rekt Capital weighed in on the situation, noting Bitcoin’s repeated retracements following unsuccessful attempts to stabilize at higher levels. Rekt Capital pointed out that Bitcoin stands on the verge of filling the CME Gap positioned between $53,700 and $54,600.\u00a0 While acknowledging the proximity of the current price at $54,900 to this gap, there’s uncertainty surrounding the necessity of filling it, especially considering its relatively minor size.\u00a0 Related Reading: BREAKING: XRP Price Rallies 27% As Ripple Secures Major Win In SEC Lawsuit The analyst mused on the possibility that this downward movement could merely signify a volatile daily retest around the $55,800 support level, which aligns with the lows seen in early July.\u00a0 However, if the CME Gap does require filling, doing so sooner rather than later, while the price remains in close proximity, could be a strategic move, according to Rekt\u2019s analysis. Adding to the bearish indicators, Julio Moreno, Head of Research at data analytics firm CryptoQuant, highlighted a significant observation regarding the Bull-Bear Market Cycle Indicator.\u00a0 Moreno flagged a bear phase for the first time since January 2023. Previous instances of the indicator signaling bear phases coincided with major market events like the COVID-induced sell-off in March 2020 and the Chinese mining ban in May 2021, accurately predicting the onset of bearish trends in November 2021. $50,000 Bitcoin Support At Risk?\u00a0 Crypto firm Material Indicators has also shared bearish predictions in the near term for the Bitcoin price, raising red flags concerning Bitcoin’s bullish momentum. Observing a scenario where Bitcoin bulls are seemingly under siege, the firm notes a stabilization in BTC bids around the $50,000 mark.\u00a0 However, the cautionary tone emerges as they brace for a potential dip towards a crucial support level at $45,000 if the $50,000 mark fails to hold firm. Related Reading: Bitcoin Funding Rates Turn Negative: Shorts\u2019 Turn To Get Squeezed? Adding to the market sentiments, market expert Jesse Olson has detected a pending sell signal on Bitcoin’s weekly Heikin Ashi chart. This signal, if confirmed, would mark only the fifth such occurrence since 2021, indicating a significant shift in market dynamics.\u00a0 Ultimately, it becomes increasingly apparent that Bitcoin must exhibit robust bullish momentum in the days ahead to counteract the intensification of the current downtrend.\u00a0 Revisiting its all-time high levels of $73,700, achieved in March, now appears contingent upon sustained upward movements to offset the prevailing market pressures. Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":625316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,485,656,679,755,1119,1122,1144,8390,78790,6664,14690],"class_list":["post-633916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc","tag-btc-price","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\nMore Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap<\/title>\n<meta name=\"description\" content=\"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.\" \/>\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\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\" \/>\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=\"2024-08-08T12:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-08T06:52:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739\" \/>\n\t<meta property=\"og:image:width\" content=\"1310\" \/>\n\t<meta property=\"og:image:height\" content=\"739\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\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\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap\",\"datePublished\":\"2024-08-08T12:00:27+00:00\",\"dateModified\":\"2024-08-08T06:52:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\"},\"wordCount\":503,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"btc\",\"btc price\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"crypto\",\"crypto news\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\",\"name\":\"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739\",\"datePublished\":\"2024-08-08T12:00:27+00:00\",\"dateModified\":\"2024-08-08T06:52:55+00:00\",\"description\":\"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739\",\"width\":1310,\"height\":739,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap\"}]},{\"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap","description":"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.","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\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","og_locale":"en_US","og_type":"article","og_title":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap","og_description":"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.","og_url":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-08T12:00:27+00:00","article_modified_time":"2024-08-08T06:52:55+00:00","og_image":[{"width":1310,"height":739,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap","datePublished":"2024-08-08T12:00:27+00:00","dateModified":"2024-08-08T06:52:55+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/"},"wordCount":503,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","keywords":["bitcoin","Bitcoin chart","Bitcoin news","bitcoin price","bitcoin technical analysis","btc","btc price","btcusd","btcusd price","BTCUSDT","crypto","crypto news"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","url":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","name":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","datePublished":"2024-08-08T12:00:27+00:00","dateModified":"2024-08-08T06:52:55+00:00","description":"Bitcoin has retraced over 3%, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend.","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","width":1310,"height":739,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap"}]},{"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap","url":"http:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin chart","bitcoin news","bitcoin price","bitcoin technical analysis","btc","btc price","btcusd","btcusd price","btcusdt","crypto","crypto news"],"dateCreated":"2024-08-08T12:00:27Z","datePublished":"2024-08-08T12:00:27Z","dateModified":"2024-08-08T12:00:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/more-pain-ahead-analyst-warns-of-imminent-bitcoin-plunge-below-54000-to-fill-cme-gap\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot_197.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot_197.jpg?fit=1310%2C739\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin chart\",\"bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"btc\",\"btc price\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2024-08-08T12:00:27Z\",\"datePublished\":\"2024-08-08T12:00:27Z\",\"dateModified\":\"2024-08-08T12:00:27Z\"}<\/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\/2024\/06\/Screenshot_197.jpg?fit=1310%2C739","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633916","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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=633916"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/633916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/625316"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=633916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=633916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=633916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}