{"id":634483,"date":"2024-08-10T18:00:49","date_gmt":"2024-08-10T18:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=634483"},"modified":"2024-08-10T09:33:26","modified_gmt":"2024-08-10T09:33:26","slug":"bitcoin-set-for-critical-price-resistance-encounter-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","title":{"rendered":"Bitcoin Set For Critical Price Resistance Encounter – Analyst"},"content":{"rendered":"

The price of Bitcoin has continued to maintain an impressive recovery trajectory<\/a> following an earlier dip in the week, which saw the asset trade below the $50,000 price mark<\/a>. <\/span>The crypto market leader was greatly affected by a widespread decline in the global financial markets, losing over 16% of its market value, due to fears of a potential recession in the US, among other factors. <\/span>However, as Bitcoin now hovers around $60,000, market experts and analysts have continued to roll out several conditions needed for the premier cryptocurrency to sustain this current positive performance.
\n<\/span><\/p>\n

Related Reading: XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric<\/a><\/div>\n

Bitcoin To Meet Critical Short-Term Holders SOPR Resistance\u00a0<\/strong><\/h2>\n

In a Quicktake post<\/a> on Cryptoquant,<\/a> an analyst with the username tugbachain shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0<\/span><\/p>\n

For context, the STH SOPR is a market metric that indicates whether holders are selling their assets at a loss or profit. It is used to measure profitability outputs by providing information on the profit or loss status of short-term investors. <\/span>The STH SOPR usually tracks assets held for a period less than 155, with a value less than 1 indicating short-term holders would be selling their assets at a loss. While an STH SOPR of 1 states that these investors will break even on their sales.\u00a0<\/span><\/p>\n

Interestingly, tugbachain reports that the STH SOPR of Bitcoin is currently above 1, meaning that short-term holders are currently in profit.\u00a0<\/span>However, the analyst warns that BTC approaches a strong resistance at the 1.03 SOPR region, at which they predict the investors may soon start taking profit which could lead to an intense selling activity.\u00a0<\/span><\/p>\n

As expected, this would exert downward pressure on BTC\u2019s price. Albeit, in the presence of the right market conditions such as high buying activity, tugbachain predicts the crypto market leader could overcome this resistance and maintain its present upward trajectory.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Nears $60,000 As Putin Signs Law Legalizing Crypto Mining In Russia<\/a><\/div>\n

BTC Price Overview<\/strong><\/h2>\n

At the time of writing, Bitcoin continues to trade at $60,639 with a 1.01% gain in the last day. However, the token\u2019s daily trading volume is down by 4.35% and is valued at $38.2 billion.<\/span><\/p>\n

According to historical price data, the premier cryptocurrency could encounter major resistance at the $67,000 – $70,000 price region if it breaks upward from its current consolidation state. However, if Bitcoin breaks downward, its next viable support level lies at the $55,000 price zone.<\/p>\n

\"Bitcoin\"
BTC trading at $60,636 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/figcaption><\/figure>\n

Featured image from Barron’s, chart from Tradingview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in the global financial markets, losing over 16% of its market value, due to fears of a potential recession in the US, among other factors. However, as Bitcoin now hovers around $60,000, market experts and analysts have continued to roll out several conditions needed for the premier cryptocurrency to sustain this current positive performance. Related Reading: XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric Bitcoin To Meet Critical Short-Term Holders SOPR Resistance\u00a0 In a Quicktake post on Cryptoquant, an analyst with the username tugbachain shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0 For context, the STH SOPR is a market metric that indicates whether holders are selling their assets at a loss or profit. It is used to measure profitability outputs by providing information on the profit or loss status of short-term investors. The STH SOPR usually tracks assets held for a period less than 155, with a value less than 1 indicating short-term holders would be selling their assets at a loss. While an STH SOPR of 1 states that these investors will break even on their sales.\u00a0 Interestingly, tugbachain reports that the STH SOPR of Bitcoin is currently above 1, meaning that short-term holders are currently in profit.\u00a0However, the analyst warns that BTC approaches a strong resistance at the 1.03 SOPR region, at which they predict the investors may soon start taking profit which could lead to an intense selling activity.\u00a0 As expected, this would exert downward pressure on BTC\u2019s price. Albeit, in the presence of the right market conditions such as high buying activity, tugbachain predicts the crypto market leader could overcome this resistance and maintain its present upward trajectory.\u00a0 Related Reading: Bitcoin Nears $60,000 As Putin Signs Law Legalizing Crypto Mining In Russia BTC Price Overview At the time of writing, Bitcoin continues to trade at $60,639 with a 1.01% gain in the last day. However, the token\u2019s daily trading volume is down by 4.35% and is valued at $38.2 billion. According to historical price data, the premier cryptocurrency could encounter major resistance at the $67,000 – $70,000 price region if it breaks upward from its current consolidation state. However, if Bitcoin breaks downward, its next viable support level lies at the $55,000 price zone. Featured image from Barron’s, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":634485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,1144,78790,83531,92879,92878],"class_list":["post-634483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-cryptoquant","tag-short-term-holder-sopr","tag-sth-sopr"],"acf":[],"yoast_head":"\nBitcoin Set For Critical Price Resistance Encounter - Analyst<\/title>\n<meta name=\"description\" content=\"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Set For Critical Price Resistance Encounter - Analyst\" \/>\n<meta property=\"og:description\" content=\"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\" \/>\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=\"2024-08-10T18:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-10T09:33:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\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\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"Bitcoin Set For Critical Price Resistance Encounter – Analyst\",\"datePublished\":\"2024-08-10T18:00:49+00:00\",\"dateModified\":\"2024-08-10T09:33:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\"},\"wordCount\":445,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853\",\"keywords\":[\"bitcoin\",\"btcusd\",\"BTCUSDT\",\"cryptoquant\",\"Short Term Holder SOPR\",\"STH SOPR\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\",\"name\":\"Bitcoin Set For Critical Price Resistance Encounter - Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853\",\"datePublished\":\"2024-08-10T18:00:49+00:00\",\"dateModified\":\"2024-08-10T09:33:26+00:00\",\"description\":\"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853\",\"width\":1280,\"height\":853,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Set For Critical Price Resistance Encounter – Analyst\"}]},{\"@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\/6280b76d69630ffb2f2fa78670d85d49\",\"name\":\"Semilore Faleti\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"caption\":\"Semilore Faleti\"},\"description\":\"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218\",\"https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti\"],\"url\":\"https:\/\/wncen.com\/author\/semilorefaleti\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Set For Critical Price Resistance Encounter - Analyst","description":"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Set For Critical Price Resistance Encounter - Analyst","og_description":"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0","og_url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-10T18:00:49+00:00","article_modified_time":"2024-08-10T09:33:26+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853","type":"image\/jpeg"}],"author":"Semilore Faleti","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/SemiloreFaleti","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Semilore Faleti","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/"},"author":{"name":"Semilore Faleti","@id":"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49"},"headline":"Bitcoin Set For Critical Price Resistance Encounter – Analyst","datePublished":"2024-08-10T18:00:49+00:00","dateModified":"2024-08-10T09:33:26+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/"},"wordCount":445,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853","keywords":["bitcoin","btcusd","BTCUSDT","cryptoquant","Short Term Holder SOPR","STH SOPR"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","name":"Bitcoin Set For Critical Price Resistance Encounter - Analyst","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853","datePublished":"2024-08-10T18:00:49+00:00","dateModified":"2024-08-10T09:33:26+00:00","description":"An analyst on CryptoQuant has shared an insight into the Short Term Holder Spent Output Profit Ratio (STH SOPR) of the Bitcoin market.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853","width":1280,"height":853,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Set For Critical Price Resistance Encounter – Analyst"}]},{"@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\/6280b76d69630ffb2f2fa78670d85d49","name":"Semilore Faleti","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","caption":"Semilore Faleti"},"description":"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/wncen.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Set For Critical Price Resistance Encounter – Analyst","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-set-for-critical-price-resistance-encounter-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/im-574517.jpeg?fit=1280%2C853"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"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","cryptoquant","short term holder sopr","sth sopr"],"dateCreated":"2024-08-10T18:00:49Z","datePublished":"2024-08-10T18:00:49Z","dateModified":"2024-08-10T18:00:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Set For Critical Price Resistance Encounter – Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-set-for-critical-price-resistance-encounter-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-set-for-critical-price-resistance-encounter-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/im-574517.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/im-574517.jpeg?fit=1280%2C853\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"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\",\"cryptoquant\",\"short term holder sopr\",\"sth sopr\"],\"dateCreated\":\"2024-08-10T18:00:49Z\",\"datePublished\":\"2024-08-10T18:00:49Z\",\"dateModified\":\"2024-08-10T18:00:49Z\"}<\/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\/08\/im-574517.jpeg?fit=1280%2C853","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/634483"}],"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\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=634483"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/634483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/634485"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=634483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=634483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=634483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}