{"id":639754,"date":"2024-09-04T17:00:02","date_gmt":"2024-09-04T17:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=639754"},"modified":"2024-09-04T09:42:41","modified_gmt":"2024-09-04T09:42:41","slug":"indicators-suggest-bitcoin-next-stop-could-be-53541","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","title":{"rendered":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541"},"content":{"rendered":"

Bitcoin<\/span><\/a> faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market.\u00a0<\/span><\/p>\n

Traders are watching closely to see if the bearish trend will continue or if a reversal is on the <\/span>horizon <\/span><\/a>as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory.<\/span><\/p>\n

As Bitcoin faces increasing <\/span>selling pressure<\/span><\/a>, this article explores the recent bearish signals affecting its price movement, analyzing key technical indicators that suggest a <\/span>potential<\/span><\/a> drop to $53,541. By examining the critical support levels to watch, insights into whether BTC will find stability or continue its slide will be provided.<\/span><\/p>\n

As of the time of writing, Bitcoin was trading at approximately $56,691, reflecting a 4.04% decline with a market capitalization exceeding $1 trillion and a trading volume surpassing $31 billion. Over the past 24 hours, BTC’s market cap has dropped by 3.96%, while trading volume has surged by 22.55%.<\/span><\/p>\n

Analyzing BTC’s Recent Price Action And Key Indicators<\/strong><\/h2>\n

On the 4-hour chart, Bitcoin has displayed strong bearish <\/span>momentum<\/span><\/a> below the 100-day Simple Moving Average (SMA) following its failure to break above the $60,152 mark. The price is now attempting to fall toward the $53,541 mark. If the cryptocurrency successfully breaches this key level, it could begin a more pronounced downtrend, potentially driving the price down to other crucial support levels.<\/span><\/p>\n

\"Bitcoin\"
Bitcoin takes a dip after failing to surpass $60,152 | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Additionally, on the 4-hour chart, the Relative Strength Index (RSI) has slipped below the 50% mark, currently resting at 32%. This decline highlights growing <\/span>bearish<\/span><\/a> momentum and suggests that selling pressure could intensify.<\/span><\/p>\n

On the daily chart, BTC is showing significant negative movement below the 100-day SMA by printing two bearish momentum candlesticks. This downbeat surge reflects strong selling pressure and negative market sentiment, increasing the likelihood of BTC reaching the $53,541 mark soon.<\/span><\/p>\n

\"Bitcoin\"
BTC forms bearish candlesticks while trending below the 100-day SMA | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Finally, the 1-day RSI shows that bearish pressure on BTC is intensifying. The signal line has recently dropped below 50%, now resting at 39%, which also <\/span>signals<\/span><\/a> growing selling pressure and a pessimistic sentiment for the digital asset.<\/span><\/p>\n

Investor Outlook: Preparing For Bitcoin Potential Downside\u00a0<\/strong><\/h2>\n

With bearish pressure mounting and <\/span>key<\/span><\/a> indicators pointing to further declines, Bitcoin appears poised to drop to the $53,541 mark. Should the cryptocurrency breach this level, it could signal a more significant pessimistic move, potentially driving the price down to the next support at $50,604 and beyond.<\/span><\/p>\n

However, if Bitcoin hits the $53,541 support level and the bulls manage to stage a <\/span>comeback<\/span><\/a>, the price could start moving upward toward the $60,152 resistance mark. A successful breach of this <\/span>resistance<\/span><\/a> might lead BTC to test its all-time high of $73,811, with the potential to set a new record if it surpasses this level.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $56,847 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market.\u00a0 Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling pressure, this article explores the recent bearish signals affecting its price movement, analyzing key technical indicators that suggest a potential drop to $53,541. By examining the critical support levels to watch, insights into whether BTC will find stability or continue its slide will be provided. As of the time of writing, Bitcoin was trading at approximately $56,691, reflecting a 4.04% decline with a market capitalization exceeding $1 trillion and a trading volume surpassing $31 billion. Over the past 24 hours, BTC’s market cap has dropped by 3.96%, while trading volume has surged by 22.55%. Analyzing BTC’s Recent Price Action And Key Indicators On the 4-hour chart, Bitcoin has displayed strong bearish momentum below the 100-day Simple Moving Average (SMA) following its failure to break above the $60,152 mark. The price is now attempting to fall toward the $53,541 mark. If the cryptocurrency successfully breaches this key level, it could begin a more pronounced downtrend, potentially driving the price down to other crucial support levels. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) has slipped below the 50% mark, currently resting at 32%. This decline highlights growing bearish momentum and suggests that selling pressure could intensify. On the daily chart, BTC is showing significant negative movement below the 100-day SMA by printing two bearish momentum candlesticks. This downbeat surge reflects strong selling pressure and negative market sentiment, increasing the likelihood of BTC reaching the $53,541 mark soon. Finally, the 1-day RSI shows that bearish pressure on BTC is intensifying. The signal line has recently dropped below 50%, now resting at 39%, which also signals growing selling pressure and a pessimistic sentiment for the digital asset. Investor Outlook: Preparing For Bitcoin Potential Downside\u00a0 With bearish pressure mounting and key indicators pointing to further declines, Bitcoin appears poised to drop to the $53,541 mark. Should the cryptocurrency breach this level, it could signal a more significant pessimistic move, potentially driving the price down to the next support at $50,604 and beyond. However, if Bitcoin hits the $53,541 support level and the bulls manage to stage a comeback, the price could start moving upward toward the $60,152 resistance mark. A successful breach of this resistance might lead BTC to test its all-time high of $73,811, with the potential to set a new record if it surpasses this level. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":639755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[92835,428,1119,1144,78790,16393,14763,91599,85676],"class_list":["post-639754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bearish-candlesticks","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nBitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.\" \/>\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\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\" \/>\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=\"2024-09-04T17:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-04T09:42:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Godspower Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@NFTwerey\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Godspower Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\"},\"author\":{\"name\":\"Godspower Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99\"},\"headline\":\"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541\",\"datePublished\":\"2024-09-04T17:00:02+00:00\",\"dateModified\":\"2024-09-04T09:42:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\"},\"wordCount\":525,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\",\"keywords\":[\"Bearish Candlesticks\",\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"Relative Strength Index\",\"RSI\",\"Simple Moving Average\",\"SMA\"],\"articleSection\":[\"BTC\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\",\"url\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\",\"name\":\"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\",\"datePublished\":\"2024-09-04T17:00:02+00:00\",\"dateModified\":\"2024-09-04T09:42:41+00:00\",\"description\":\"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\",\"width\":612,\"height\":459,\"caption\":\"Business Trends Graphs and charts 3d image\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541\"}]},{\"@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\/4ef68821297ee4c687c35480d0cb2e99\",\"name\":\"Godspower Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g\",\"caption\":\"Godspower Owie\"},\"description\":\"My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.\",\"sameAs\":[\"https:\/\/x.com\/NFTwerey\"],\"url\":\"https:\/\/wncen.com\/author\/godspowerowie\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541","description":"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.","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\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541","og_description":"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.","og_url":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-04T17:00:02+00:00","article_modified_time":"2024-09-04T09:42:41+00:00","og_image":[{"width":612,"height":459,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","type":"image\/jpeg"}],"author":"Godspower Owie","twitter_card":"summary_large_image","twitter_creator":"@NFTwerey","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Godspower Owie","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/"},"author":{"name":"Godspower Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/4ef68821297ee4c687c35480d0cb2e99"},"headline":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541","datePublished":"2024-09-04T17:00:02+00:00","dateModified":"2024-09-04T09:42:41+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/"},"wordCount":525,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","keywords":["Bearish Candlesticks","bitcoin","btc","btcusd","BTCUSDT","Relative Strength Index","RSI","Simple Moving Average","SMA"],"articleSection":["BTC"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","url":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","name":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","datePublished":"2024-09-04T17:00:02+00:00","dateModified":"2024-09-04T09:42:41+00:00","description":"Bitcoin (BTC) faces mounting pressure as bearish key indicators signal a potential drop to the $53,541 price mark.","breadcrumb":{"@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","width":612,"height":459,"caption":"Business Trends Graphs and charts 3d image"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541"}]},{"@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\/4ef68821297ee4c687c35480d0cb2e99","name":"Godspower Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c99f06299c952808ff36bf1afb45607a?s=96&d=mm&r=g","caption":"Godspower Owie"},"description":"My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541","url":"http:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/btc\/indicators-suggest-bitcoin-next-stop-could-be-53541\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459"},"articleSection":"BTC","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bearish candlesticks","bitcoin","btc","btcusd","btcusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-09-04T17:00:02Z","datePublished":"2024-09-04T17:00:02Z","dateModified":"2024-09-04T17:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/btc\\\/indicators-suggest-bitcoin-next-stop-could-be-53541\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/btc\\\/indicators-suggest-bitcoin-next-stop-could-be-53541\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-from-iStock-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin-from-iStock-2.jpg?fit=612%2C459\"},\"articleSection\":\"BTC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bearish candlesticks\",\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-09-04T17:00:02Z\",\"datePublished\":\"2024-09-04T17:00:02Z\",\"dateModified\":\"2024-09-04T17:00:02Z\"}<\/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\/09\/Bitcoin-from-iStock-2.jpg?fit=612%2C459","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639754"}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=639754"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/639755"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=639754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=639754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=639754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}