{"id":576153,"date":"2024-02-22T00:05:37","date_gmt":"2024-02-22T00:05:37","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=576153"},"modified":"2024-06-11T08:11:56","modified_gmt":"2024-06-11T08:11:56","slug":"bitcoin-holds-above-50000","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","title":{"rendered":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000. After hitting this level, the cryptocurrency faced notable declines in its value. However, a crypto analyst has predicted that the price might continue to surge, highlighting the enduring strength of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-will-hit-100k-this-june-kiyosaki\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin\u2019s upward momentum<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>BTC Price Needs To Hold Steady<\/h2>\n<p><span style=\"font-weight: 400\">Despite the recent bearish trends seen in the last few days, a prominent crypto analyst, Michael van de Poppe, has <\/span><a href=\"https:\/\/x.com\/cryptomichnl\/status\/55935858?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">maintained<\/span><\/a><span style=\"font-weight: 400\"> an optimistic outlook on Bitcoin\u2019s price. Sharing a BTC price chart, the crypto analyst emphasized Bitcoin\u2019s current <\/span><a href=\"https:\/\/bitcoinist.com\/1-trillion-market-cap-achieved-as-bitcoin-hits-51k-dogecoin-faces-a-strong-challenger\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">position above $50,000, which shows strength.\u00a0<\/span><\/a><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/dogecoin\/dogecoin-rally-to-0-2\/\">Dogecoin Begins Massive Recovery Trend, But Can These Factors Drive A Rally To $0.2?<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, he revealed that there is the potential for a more extensive <\/span><a href=\"https:\/\/bitcoinist.com\/will-bitcoin-hit-turbulence-40-correction-eyed-before-reaching-150000-analyst-warns\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">price correction<\/span><\/a><span style=\"font-weight: 400\"> if Bitcoin fails to hold its current resistance area. Reassuring the crypto community, Poppe clarified that although price corrections can be sharp and \u201cnasty,\u201d they typically prove short-lived.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst also <\/span><a href=\"https:\/\/x.com\/cryptomichnl\/status\/14419984?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">disclosed<\/span><\/a><span style=\"font-weight: 400\"> that despite the success of the Spot Bitcoin ETF market, relying solely on <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-etfs-record-2-2-billion-inflow-in-past-week\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ETF inflows<\/span><\/a><span style=\"font-weight: 400\"> will not be enough to propel the price of Bitcoin to $100,000 within two months. He affirmed that Bitcoin\u2019s price trend is still very bullish, noting that surges are more likely to unfold gradually over time, rather than in a single rapid moment.<\/span><\/p>\n<h2>Analyst Projects Bitcoin Surge To $58,000<\/h2>\n<p><span style=\"font-weight: 400\">In his X posts, Poppe highlighted two potential scenarios for Bitcoin\u2019s price movements. The analyst <\/span><a href=\"https:\/\/x.com\/cryptomichnl\/status\/75442953?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">suggested<\/span><\/a><span style=\"font-weight: 400\"> a possible inclination towards a downward trend, emphasizing the critical zones to watch within the $48,000 to $49,500 price ranges.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/xrp-price-will-rally-to-2\/\">XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2<\/a><\/div>\n<p><span style=\"font-weight: 400\">On the flip side, Poppe revealed that the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-10-million-in-10-20-years\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">price of Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> could also experience a surge to new highs. He explained that if <\/span><span style=\"font-weight: 400\">Bitcoin<\/span><span style=\"font-weight: 400\"> successfully breaches certain high levels, then the cryptocurrency could achieve a local top of $54,000 to $58,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the crypto analyst presented a Bitcoin price chart, which illustrated a substantial uptrend for Bitcoin. He anticipated a short-term <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-150000-40-correction\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">correction<\/span><\/a><span style=\"font-weight: 400\"> for the cryptocurrency, followed by a potential <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-bulls-persists-analyst-identifies-trend-as-catalyst-to-60000\/\"><span style=\"font-weight: 400\">price surge<\/span><\/a><span style=\"font-weight: 400\"> to levels close to $60,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cI&#8217;m expecting a short-term correction before a final push to $54-58K and then we&#8217;re likely done with this current pre-halving run,\u201d Poppe <\/span><a href=\"https:\/\/x.com\/cryptomichnl\/status\/03811854?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/gCxX3p1h\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">BTC price recovers above $51,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Bookings Institutional, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000. After hitting this level, the cryptocurrency faced notable declines in its value. However, a crypto analyst has predicted that the price might continue to surge, highlighting the enduring strength of Bitcoin\u2019s upward momentum.\u00a0 BTC Price Needs To Hold Steady Despite the recent bearish trends seen in the last few days, a prominent crypto analyst, Michael van de Poppe, has maintained an optimistic outlook on Bitcoin\u2019s price. Sharing a BTC price chart, the crypto analyst emphasized Bitcoin\u2019s current position above $50,000, which shows strength.\u00a0 Related Reading: Dogecoin Begins Massive Recovery Trend, But Can These Factors Drive A Rally To $0.2? However, he revealed that there is the potential for a more extensive price correction if Bitcoin fails to hold its current resistance area. Reassuring the crypto community, Poppe clarified that although price corrections can be sharp and \u201cnasty,\u201d they typically prove short-lived. The analyst also disclosed that despite the success of the Spot Bitcoin ETF market, relying solely on ETF inflows will not be enough to propel the price of Bitcoin to $100,000 within two months. He affirmed that Bitcoin\u2019s price trend is still very bullish, noting that surges are more likely to unfold gradually over time, rather than in a single rapid moment. Analyst Projects Bitcoin Surge To $58,000 In his X posts, Poppe highlighted two potential scenarios for Bitcoin\u2019s price movements. The analyst suggested a possible inclination towards a downward trend, emphasizing the critical zones to watch within the $48,000 to $49,500 price ranges.\u00a0 Related Reading: XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2 On the flip side, Poppe revealed that the price of Bitcoin could also experience a surge to new highs. He explained that if Bitcoin successfully breaches certain high levels, then the cryptocurrency could achieve a local top of $54,000 to $58,000.\u00a0 Furthermore, the crypto analyst presented a Bitcoin price chart, which illustrated a substantial uptrend for Bitcoin. He anticipated a short-term correction for the cryptocurrency, followed by a potential price surge to levels close to $60,000.\u00a0 \u201cI&#8217;m expecting a short-term correction before a final push to $54-58K and then we&#8217;re likely done with this current pre-halving run,\u201d Poppe stated.\u00a0 BTC price recovers above $51,000 | Source: BTCUSD on Tradingview.com Featured image from Bookings Institutional, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576166,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-576153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In<\/title>\n<meta name=\"description\" content=\"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\" \/>\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=\"2024-02-22T00:05:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:11:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183\" \/>\n\t<meta property=\"og:image:width\" content=\"275\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In\",\"datePublished\":\"2024-02-22T00:05:37+00:00\",\"dateModified\":\"2024-06-11T08:11:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\"},\"wordCount\":395,\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\",\"url\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\",\"name\":\"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183\",\"datePublished\":\"2024-02-22T00:05:37+00:00\",\"dateModified\":\"2024-06-11T08:11:56+00:00\",\"description\":\"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183\",\"width\":275,\"height\":183,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shenyangcang.com\/#website\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/www.shenyangcang.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In","description":"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.","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:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In","og_description":"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.","og_url":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-22T00:05:37+00:00","article_modified_time":"2024-06-11T08:11:56+00:00","og_image":[{"width":275,"height":183,"url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#article","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In","datePublished":"2024-02-22T00:05:37+00:00","dateModified":"2024-06-11T08:11:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/"},"wordCount":395,"publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","keywords":["bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","url":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","name":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","datePublished":"2024-02-22T00:05:37+00:00","dateModified":"2024-06-11T08:11:56+00:00","description":"The cryptocurrency space has been subject to high volatility after Bitcoin finally surged to $53,000, before falling back down.","breadcrumb":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#primaryimage","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","width":275,"height":183,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In"}]},{"@type":"WebSite","@id":"https:\/\/www.shenyangcang.com\/#website","url":"https:\/\/www.shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/www.shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In","url":"http:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/bitcoin-holds-above-50000\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-02-22T00:05:37Z","datePublished":"2024-02-22T00:05:37Z","dateModified":"2024-06-11T08:11:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Holds Above $50,000 Despite Nasty Drop, Crypto Expert Says Local Top Not In\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin-holds-above-50000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin-holds-above-50000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin_909b57.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin_909b57.jpeg?fit=275%2C183\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-02-22T00:05:37Z\",\"datePublished\":\"2024-02-22T00:05:37Z\",\"dateModified\":\"2024-06-11T08:11:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/02\/Bitcoin_909b57.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/576153"}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=576153"}],"version-history":[{"count":0,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/576153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/576166"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=576153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=576153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=576153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}