{"id":636846,"date":"2024-08-21T07:00:08","date_gmt":"2024-08-21T07:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=636846"},"modified":"2024-08-21T00:57:22","modified_gmt":"2024-08-21T00:57:22","slug":"battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","title":{"rendered":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support"},"content":{"rendered":"

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces.<\/span><\/p>\n

After recovering from a <\/span>dip below $49,000 <\/span><\/a>earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0<\/span><\/p>\n

This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory.<\/span><\/p>\n

Bitcoin Faces Decisive Test At $60,000<\/span><\/h2>\n

According<\/a> <\/span>to market analyst Mark Cullen, Bitcoin’s ability to reclaim and hold above $60,000 by the end of the day could pave the way for a move higher towards the mid-to-high $60,000 range.\u00a0<\/span><\/p>\n

However, should Bitcoin fail to decisively push through the $59,500 level, Cullen warns that the technical outlook could turn more bearish, with the potential for a sweep of the August 7th low.<\/span><\/p>\n

Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price<\/a><\/div>\n

Further complicating the continuation of the price recovery witnessed the past week after the August 5 market crash, is the presence of a sizable 1,000 BTC <\/span>sell order <\/span><\/a>currently protecting the $60,500 level, as noted by crypto analyst InspoCrypto.\u00a0<\/span><\/p>\n

According to the analyst, a failed retest of this resistance zone could potentially catalyze the formation of a bearish double top pattern, which would be a concerning development for the bulls in the near term price action. InspoCrypto said:<\/span><\/p>\n

The $60,500 level is currently protected by a 1,000 BTC sell order. A failed retest of Bitcoin at $60,500 could potentially complicate the situation. Technical analysts might identify a double top formation in such a scenario.<\/span><\/p><\/blockquote>\n

Moreover, the latest updates on the <\/span>options <\/span><\/a>data do not paint an entirely optimistic picture for Bitcoin in the short term, according to InspoCrypto, who emphasized the need to closely monitor the situation.<\/span><\/p>\n

Worst-Case Scenario For BTC<\/span><\/h2>\n

According to crypto analyst Daan Crypto Trades, the fact that Bitcoin is currently trading above the $59,000 mark is a positive sign, as it represents a return to the asset’s Daily 200-Exponential Moving Average (EMA).\u00a0<\/span><\/p>\n

However, Daan Crypto Trades <\/span>noted <\/span><\/a>that the real test for the bulls will come at the $63,000 level, which corresponds with the cryptocurrency’s local highs. “It’s an important level to break for the bulls to get the party started,” the analyst stated. Should Bitcoin fail to decisively surpass this resistance, the bears could regain control, with the $56,500 level serving as a potential support zone.<\/span><\/p>\n

Related Reading: XRP Spikes 6%: Can It Overcome $0.66 For Further Upside?<\/a><\/div>\n

Fellow technical analyst EmperorBTC echoed a similar sentiment, <\/span>highlighting <\/span><\/a>the significance of Bitcoin’s ability to reclaim its “macro range” and the resistance at the $62,200 level.\u00a0<\/span><\/p>\n

The analyst advised against opening fresh long positions at current levels, instead suggesting that <\/span>traders <\/span><\/a>should look to “bid on pullbacks near the weekly VWAP (Volume-Weighted Average Price) at $58,800.”<\/span><\/p>\n

In a somewhat more cautious tone, EmperorBTC also acknowledged the possibility of a worst-case scenario, wherein Bitcoin could potentially retrace to the $52,000 level.\u00a0<\/span>However, the analyst emphasized that this would be a “gift to buy and hold” in the lead-up to September, hinting at the possibility of a more favorable market environment in the coming months.<\/span><\/p>\n

\"Bitcoin\"
The daily chart shows BTC’s price range. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

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

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0 This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory. Bitcoin Faces Decisive Test At $60,000 According to market analyst Mark Cullen, Bitcoin’s ability to reclaim and hold above $60,000 by the end of the day could pave the way for a move higher towards the mid-to-high $60,000 range.\u00a0 However, should Bitcoin fail to decisively push through the $59,500 level, Cullen warns that the technical outlook could turn more bearish, with the potential for a sweep of the August 7th low. Related Reading: Dogecoin Faces Supply Squeeze: What This Means For Price Further complicating the continuation of the price recovery witnessed the past week after the August 5 market crash, is the presence of a sizable 1,000 BTC sell order currently protecting the $60,500 level, as noted by crypto analyst InspoCrypto.\u00a0 According to the analyst, a failed retest of this resistance zone could potentially catalyze the formation of a bearish double top pattern, which would be a concerning development for the bulls in the near term price action. InspoCrypto said: The $60,500 level is currently protected by a 1,000 BTC sell order. A failed retest of Bitcoin at $60,500 could potentially complicate the situation. Technical analysts might identify a double top formation in such a scenario. Moreover, the latest updates on the options data do not paint an entirely optimistic picture for Bitcoin in the short term, according to InspoCrypto, who emphasized the need to closely monitor the situation. Worst-Case Scenario For BTC According to crypto analyst Daan Crypto Trades, the fact that Bitcoin is currently trading above the $59,000 mark is a positive sign, as it represents a return to the asset’s Daily 200-Exponential Moving Average (EMA).\u00a0 However, Daan Crypto Trades noted that the real test for the bulls will come at the $63,000 level, which corresponds with the cryptocurrency’s local highs. “It’s an important level to break for the bulls to get the party started,” the analyst stated. Should Bitcoin fail to decisively surpass this resistance, the bears could regain control, with the $56,500 level serving as a potential support zone. Related Reading: XRP Spikes 6%: Can It Overcome $0.66 For Further Upside? Fellow technical analyst EmperorBTC echoed a similar sentiment, highlighting the significance of Bitcoin’s ability to reclaim its “macro range” and the resistance at the $62,200 level.\u00a0 The analyst advised against opening fresh long positions at current levels, instead suggesting that traders should look to “bid on pullbacks near the weekly VWAP (Volume-Weighted Average Price) at $58,800.” In a somewhat more cautious tone, EmperorBTC also acknowledged the possibility of a worst-case scenario, wherein Bitcoin could potentially retrace to the $52,000 level.\u00a0However, the analyst emphasized that this would be a “gift to buy and hold” in the lead-up to September, hinting at the possibility of a more favorable market environment in the coming months. Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":636848,"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":[428,485,656,679,755,768,1119,1122,1144,8390,78790,6664,14690],"class_list":["post-636846","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-bitcoin-trading","tag-btc","tag-btc-price","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\nBattleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support<\/title>\n<meta name=\"description\" content=\"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\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\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\" \/>\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=\"2024-08-21T07:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-21T00:57:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735\" \/>\n\t<meta property=\"og:image:width\" content=\"1312\" \/>\n\t<meta property=\"og:image:height\" content=\"735\" \/>\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\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support\",\"datePublished\":\"2024-08-21T07:00:08+00:00\",\"dateModified\":\"2024-08-21T00:57:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\"},\"wordCount\":574,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"bitcoin trading\",\"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\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\",\"name\":\"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735\",\"datePublished\":\"2024-08-21T07:00:08+00:00\",\"dateModified\":\"2024-08-21T00:57:22+00:00\",\"description\":\"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735\",\"width\":1312,\"height\":735,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support\"}]},{\"@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":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support","description":"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\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\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","og_locale":"en_US","og_type":"article","og_title":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support","og_description":"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0","og_url":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-21T07:00:08+00:00","article_modified_time":"2024-08-21T00:57:22+00:00","og_image":[{"width":1312,"height":735,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735","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\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support","datePublished":"2024-08-21T07:00:08+00:00","dateModified":"2024-08-21T00:57:22+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/"},"wordCount":574,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735","keywords":["bitcoin","Bitcoin chart","Bitcoin news","bitcoin price","bitcoin technical analysis","bitcoin trading","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\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","url":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","name":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735","datePublished":"2024-08-21T07:00:08+00:00","dateModified":"2024-08-21T00:57:22+00:00","description":"Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735","width":1312,"height":735,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support"}]},{"@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":"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support","url":"http:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/Screenshot_365.jpg?fit=1312%2C735"},"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","bitcoin trading","btc","btc price","btcusd","btcusd price","btcusdt","crypto","crypto news"],"dateCreated":"2024-08-21T07:00:08Z","datePublished":"2024-08-21T07:00:08Z","dateModified":"2024-08-21T07:00:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/battleground-at-60000-bitcoin-faces-pivotal-test-as-bulls-aim-to-reclaim-key-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Screenshot_365.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Screenshot_365.jpg?fit=1312%2C735\"},\"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\",\"bitcoin trading\",\"btc\",\"btc price\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2024-08-21T07:00:08Z\",\"datePublished\":\"2024-08-21T07:00:08Z\",\"dateModified\":\"2024-08-21T07:00:08Z\"}<\/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\/Screenshot_365.jpg?fit=1312%2C735","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636846"}],"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=636846"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/636848"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=636846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=636846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=636846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}