{"id":646046,"date":"2024-10-03T12:30:26","date_gmt":"2024-10-03T12:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=646046"},"modified":"2024-10-03T11:20:28","modified_gmt":"2024-10-03T11:20:28","slug":"bitcoin-last-big-drop-expert-key-indicator","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/","title":{"rendered":"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator"},"content":{"rendered":"

In his latest video<\/a> analysis titled \u201cBITCOIN’S One Indicator Signaling LAST Major Dip,\u201d Dan Gambardello, a noted crypto analyst with 370,000 subscribers on YouTube, delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip. After dropping as low as $60,000 on Wednesday, the fear of another deeper price crash has grabbed the Bitcoin market.<\/p>\n

Why This Could Be The Final Leg Down For Bitcoin<\/h2>\n

Gambardello emphasizes the significance of the daily and six-hour charts. On the daily chart, Bitcoin is currently testing the 50-day moving average, a level that often serves as a litmus test for short-term market sentiment.<\/p>\n

However, the analyst’s main focus is on the six-hour chart\u2019s Relative Strength Index (RSI), a momentum oscillator used to measure the speed and change of price movements, which has hit oversold levels. According to Gambardello, the RSI reaching oversold territory is traditionally viewed as a bullish signal, potentially indicating an approaching end to the current price dip.<\/p>\n

Related Reading: Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here\u2019s Why<\/a><\/div>\n

\u201cThe bottom is actually, I think, close. There could be some type of capitulation in the very short term, but I think there could be a very strong bounce after that happens,” Gambardello noted, suggesting that despite the immediate market turmoil following the Israel-Iran conflict news<\/a>, the fundamentals point towards an eventual robust recovery.<\/p>\n

Via X, Gambardello added, \u201cNothing like a 6 hour oversold RSI at the beginning of bull season<\/a>. Also great during bull season.\u201d<\/p>\n

\"Bitcoin
Oversold RSI on the 6-hour chart | Source: X @cryptorecruitr<\/figcaption><\/figure>\n

This assertion is grounded in his analysis of past market behaviors during similar conditions, reinforcing the cyclical nature of Bitcoin\u2019s market dynamics. Drawing parallels to historical data, Gambardello highlights the behavioral trends of Bitcoin in previous Octobers, noting a pattern of initial declines followed by strong recoveries by the end of the month.<\/p>\n

\u201cOctober will close green. It’s always [like this] with the dip. People are just freaking out. I guess that’s it, but this gives us a little time. We’re getting all these red candles going into October, give us another week, maybe even two and we could get a pump, a breakout to the upside to end October,\u201d Gambardello claims.<\/p>\n

Related Reading: Will Israel-Iran Conflict Push Bitcoin Further Down? Analysts Discuss<\/a><\/div>\n

Further deepening the analysis, Gambardello discusses the potential scenarios around Bitcoin\u2019s lower trend line, a recurrent support level over the past six months. He speculates that if Bitcoin approaches this trend line again, it could effectively serve as a robust support level, potentially marking the last significant downturn before a sustained upward trend.<\/p>\n

Notably, one final touch of the trendline could bring down the BTC price as low as $50,000. However, Gambardello thinks that this is a less likely scenario as the 6-hour RSI has already hit oversold territory while BTC is currently bouncing off the 50-day moving average.<\/p>\n

\"Bitcoin
Bitcoin price (BTC\/USD), 1-day chart | Source: YouTube @Crypto Capital Venture<\/figcaption><\/figure>\n

Moreover, Gambardello refers to Bitcoin\u2019s performance in past halving years, which are typically followed by bull markets, as seen in 2016 and 2020. Gambardello suggests that the current year could follow a similar trajectory. \u201cThis is a Halving year<\/a>. We’ve seen what’s happened in Halving years in 2020 and 2016 in October. Is it going to repeat?\u201d<\/p>\n

At press time, Bitcoin traded at $60,899.<\/p>\n

\"Bitcoin
Bitcoin price holds above $60,000, 1-day chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In his latest video analysis titled \u201cBITCOIN’S One Indicator Signaling LAST Major Dip,\u201d Dan Gambardello, a noted crypto analyst with 370,000 subscribers on YouTube, delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip. After dropping as low as $60,000 on Wednesday, the fear of another deeper price crash has grabbed the Bitcoin market. Why This Could Be The Final Leg Down For Bitcoin Gambardello emphasizes the significance of the daily and six-hour charts. On the daily chart, Bitcoin is currently testing the 50-day moving average, a level that often serves as a litmus test for short-term market sentiment. However, the analyst’s main focus is on the six-hour chart\u2019s Relative Strength Index (RSI), a momentum oscillator used to measure the speed and change of price movements, which has hit oversold levels. According to Gambardello, the RSI reaching oversold territory is traditionally viewed as a bullish signal, potentially indicating an approaching end to the current price dip. Related Reading: Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here\u2019s Why \u201cThe bottom is actually, I think, close. There could be some type of capitulation in the very short term, but I think there could be a very strong bounce after that happens,” Gambardello noted, suggesting that despite the immediate market turmoil following the Israel-Iran conflict news, the fundamentals point towards an eventual robust recovery. Via X, Gambardello added, \u201cNothing like a 6 hour oversold RSI at the beginning of bull season. Also great during bull season.\u201d This assertion is grounded in his analysis of past market behaviors during similar conditions, reinforcing the cyclical nature of Bitcoin\u2019s market dynamics. Drawing parallels to historical data, Gambardello highlights the behavioral trends of Bitcoin in previous Octobers, noting a pattern of initial declines followed by strong recoveries by the end of the month. \u201cOctober will close green. It’s always [like this] with the dip. People are just freaking out. I guess that’s it, but this gives us a little time. We’re getting all these red candles going into October, give us another week, maybe even two and we could get a pump, a breakout to the upside to end October,\u201d Gambardello claims. Related Reading: Will Israel-Iran Conflict Push Bitcoin Further Down? Analysts Discuss Further deepening the analysis, Gambardello discusses the potential scenarios around Bitcoin\u2019s lower trend line, a recurrent support level over the past six months. He speculates that if Bitcoin approaches this trend line again, it could effectively serve as a robust support level, potentially marking the last significant downturn before a sustained upward trend. Notably, one final touch of the trendline could bring down the BTC price as low as $50,000. However, Gambardello thinks that this is a less likely scenario as the 6-hour RSI has already hit oversold territory while BTC is currently bouncing off the 50-day moving average. Moreover, Gambardello refers to Bitcoin\u2019s performance in past halving years, which are typically followed by bull markets, as seen in 2016 and 2020. Gambardello suggests that the current year could follow a similar trajectory. \u201cThis is a Halving year. We’ve seen what’s happened in Halving years in 2020 and 2016 in October. Is it going to repeat?\u201d At press time, Bitcoin traded at $60,899. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":646052,"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":[428,656,679,91282,14509,1119,89185,1122,89713],"class_list":["post-646046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-anaysis","tag-bitcoin-price-forecast","tag-btc","tag-btc-news","tag-btc-price","tag-btc-price-chart"],"acf":[],"yoast_head":"\nIs This Bitcoin's Last Big Drop? Expert Points To Key Indicator<\/title>\n<meta name=\"description\" content=\"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.\" \/>\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-last-big-drop-expert-key-indicator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is This Bitcoin's Last Big Drop? Expert Points To Key Indicator\" \/>\n<meta property=\"og:description\" content=\"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\" \/>\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=\"2024-10-03T12:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-03T11:20:28+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\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\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator\",\"datePublished\":\"2024-10-03T12:30:26+00:00\",\"dateModified\":\"2024-10-03T11:20:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\"},\"wordCount\":614,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin Price Anaysis\",\"Bitcoin Price Forecast\",\"btc\",\"BTC news\",\"btc price\",\"BTC price chart\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\",\"name\":\"Is This Bitcoin's Last Big Drop? Expert Points To Key Indicator\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\",\"datePublished\":\"2024-10-03T12:30:26+00:00\",\"dateModified\":\"2024-10-03T11:20:28+00:00\",\"description\":\"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin price news\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator\"}]},{\"@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\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Is This Bitcoin's Last Big Drop? Expert Points To Key Indicator","description":"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.","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-last-big-drop-expert-key-indicator\/","og_locale":"en_US","og_type":"article","og_title":"Is This Bitcoin's Last Big Drop? Expert Points To Key Indicator","og_description":"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.","og_url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-03T12:30:26+00:00","article_modified_time":"2024-10-03T11:20:28+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator","datePublished":"2024-10-03T12:30:26+00:00","dateModified":"2024-10-03T11:20:28+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/"},"wordCount":614,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","keywords":["bitcoin","Bitcoin news","bitcoin price","Bitcoin Price Anaysis","Bitcoin Price Forecast","btc","BTC news","btc price","BTC price chart"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/","url":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/","name":"Is This Bitcoin's Last Big Drop? Expert Points To Key Indicator","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","datePublished":"2024-10-03T12:30:26+00:00","dateModified":"2024-10-03T11:20:28+00:00","description":"Dan Gambardello delves into the latest price action of Bitcoin to forecast what could potentially be the final major dip.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin price news"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator"}]},{"@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\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-last-big-drop-expert-key-indicator\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price anaysis","bitcoin price forecast","btc","btc news","btc price","btc price chart"],"dateCreated":"2024-10-03T12:30:26Z","datePublished":"2024-10-03T12:30:26Z","dateModified":"2024-10-03T12:30:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is This Bitcoin’s Last Big Drop? Expert Points To Key Indicator\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-last-big-drop-expert-key-indicator\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-last-big-drop-expert-key-indicator\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/DALL\\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price anaysis\",\"bitcoin price forecast\",\"btc\",\"btc news\",\"btc price\",\"btc price chart\"],\"dateCreated\":\"2024-10-03T12:30:26Z\",\"datePublished\":\"2024-10-03T12:30:26Z\",\"dateModified\":\"2024-10-03T12:30:26Z\"}<\/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\/10\/DALL\u00b7E-2024-10-03-09.58.16-A-visually-striking-image-of-a-golden-Bitcoin-coin-prominently-displayed-in-the-center-set-against-a-blurred-digital-background-symbolizing-the-globa.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646046"}],"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\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=646046"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646046\/revisions"}],"predecessor-version":[{"id":646121,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646046\/revisions\/646121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/646052"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=646046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=646046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=646046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}