{"id":645302,"date":"2024-09-29T10:30:03","date_gmt":"2024-09-29T10:30:03","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=645302"},"modified":"2024-09-29T07:44:37","modified_gmt":"2024-09-29T07:44:37","slug":"3-reasons-bitcoin-price-rally-is-at-risk-details","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","title":{"rendered":"3 Reasons Bitcoin Price Rally Is At Risk – Details"},"content":{"rendered":"

Bitcoin emerged as an investors\u2019 favorite this past week, recording a price rise of 4.07% according to data from CoinMarketCap. During this price surge, the premier cryptocurrency traded as high as $66,000, a level last reached in late July. However, despite this price gain which extends Bitcoin\u2019s \u201cunusual\u201d<\/a> positive performance in September, certain market conditions indicate concern over the sustainability of this rally.
\n<\/span><\/p>\n

Related Reading: Bitcoin Set For Biggest September Gains In A Decade: Here\u2019s Why<\/a><\/div>\n

Why Bitcoin\u2019s Rally Is In Danger<\/strong><\/h2>\n

In a Quicktake post<\/a> on CryptoQuant, an analyst with username Wenry outlined several reasons Bitcoin may not sustain its current upward trend.<\/span><\/p>\n

Firstly, Wenry notes that there is a lack of interest from retail investors in Korea and the US as indicated by a stagnant Taker volume. This status is different from previous Bitcoin price rallies where retail activity in these countries was prominent. Therefore, the analyst postulates that the current price surge is devoid of new investments and is likely driven by a select group of market participants.<\/span><\/p>\n

Furthermore, Wenry highlights there is currently a high level of Open Interest in the BTC market, but the asset continues to move in a range-bound market i.e. consolidation due to a low spot volume. The combination of both factors reflects the absence of a significant buying interest in Bitcoin despite the present rally.<\/p>\n

 <\/p>\n

\"Bitcoin\"
Source: CryptoQuant<\/figcaption><\/figure>\n

Another point of concern raised by Wenry states the current Bitcoin price gain is caused by a rise in derivatives trading due to macroeconomic factors such as the reduction of interest rates.<\/a> The crypto analyst pinpoints a lack of equal support from the spot market therefore, the rally is likely a \u201ctemporal uptick rather than a structural market shift\u201d.<\/span><\/p>\n

In conclusion, Wenry states that the absence of significant spot market volume, a stagnant Taker volume, and low retail participation all threaten the longevity of Bitcoin\u2019s current rally. Notably, if retail investors remain away from the market, Bitcoin would likely remain in consolidation or even experience a price correction.
\n<\/span><\/p>\n

Related Reading: Analyst Backs Bitcoin Hitting $290,000 In Bull Run \u2013 Here\u2019s Why<\/a><\/div>\n

Bitcoin To Break All-Time High In Q4?\u00a0<\/strong><\/h2>\n

On another front, popular analyst Micha\u00ebl van de Poppe has backed<\/a> Bitcoin to surpass its all-time high price of $73,750 in the last quarter of 2024, following a similar trajectory with gold. Van de Poppe\u2019s prediction seems quite plausible as Q4 is traditionally the most bullish moment for Bitcoin. <\/span>In addition, the renowned analyst is also backing altcoins to experience a 3-5x price surge in the same period.
\n<\/span><\/p>\n

At the time of writing, Bitcoin continues to trade at $65,810 following a 0.40% gain in the last day. In tandem, the asset\u2019s daily trading volume is down 53.16% and valued at $65,649.<\/span>\u00a0<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $65,818 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/figcaption><\/figure>\n
Featured image from Freepik, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin emerged as an investors\u2019 favorite this past week, recording a price rise of 4.07% according to data from CoinMarketCap. During this price surge, the premier cryptocurrency traded as high as $66,000, a level last reached in late July. However, despite this price gain which extends Bitcoin\u2019s \u201cunusual\u201d positive performance in September, certain market conditions indicate concern over the sustainability of this rally. Related Reading: Bitcoin Set For Biggest September Gains In A Decade: Here\u2019s Why Why Bitcoin\u2019s Rally Is In Danger In a Quicktake post on CryptoQuant, an analyst with username Wenry outlined several reasons Bitcoin may not sustain its current upward trend. Firstly, Wenry notes that there is a lack of interest from retail investors in Korea and the US as indicated by a stagnant Taker volume. This status is different from previous Bitcoin price rallies where retail activity in these countries was prominent. Therefore, the analyst postulates that the current price surge is devoid of new investments and is likely driven by a select group of market participants. Furthermore, Wenry highlights there is currently a high level of Open Interest in the BTC market, but the asset continues to move in a range-bound market i.e. consolidation due to a low spot volume. The combination of both factors reflects the absence of a significant buying interest in Bitcoin despite the present rally.   Another point of concern raised by Wenry states the current Bitcoin price gain is caused by a rise in derivatives trading due to macroeconomic factors such as the reduction of interest rates. The crypto analyst pinpoints a lack of equal support from the spot market therefore, the rally is likely a \u201ctemporal uptick rather than a structural market shift\u201d. In conclusion, Wenry states that the absence of significant spot market volume, a stagnant Taker volume, and low retail participation all threaten the longevity of Bitcoin\u2019s current rally. Notably, if retail investors remain away from the market, Bitcoin would likely remain in consolidation or even experience a price correction. Related Reading: Analyst Backs Bitcoin Hitting $290,000 In Bull Run \u2013 Here\u2019s Why Bitcoin To Break All-Time High In Q4?\u00a0 On another front, popular analyst Micha\u00ebl van de Poppe has backed Bitcoin to surpass its all-time high price of $73,750 in the last quarter of 2024, following a similar trajectory with gold. Van de Poppe\u2019s prediction seems quite plausible as Q4 is traditionally the most bullish moment for Bitcoin. In addition, the renowned analyst is also backing altcoins to experience a 3-5x price surge in the same period. At the time of writing, Bitcoin continues to trade at $65,810 following a 0.40% gain in the last day. In tandem, the asset\u2019s daily trading volume is down 53.16% and valued at $65,649.\u00a0 Featured image from Freepik, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":645306,"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":[428,6481,1144,78790,54146,60192,93110],"class_list":["post-645302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-rally","tag-btcusd","tag-btcusdt","tag-open-interest","tag-retail-investors","tag-taker-volume"],"acf":[],"yoast_head":"\n3 Reasons Bitcoin Price Rally Is At Risk - Details<\/title>\n<meta name=\"description\" content=\"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Reasons Bitcoin Price Rally Is At Risk - Details\" \/>\n<meta property=\"og:description\" content=\"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\" \/>\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=\"2024-09-29T10:30:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-29T07:44:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"3 Reasons Bitcoin Price Rally Is At Risk – Details\",\"datePublished\":\"2024-09-29T10:30:03+00:00\",\"dateModified\":\"2024-09-29T07:44:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\"},\"wordCount\":498,\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\",\"keywords\":[\"bitcoin\",\"bitcoin rally\",\"btcusd\",\"BTCUSDT\",\"open interest\",\"retail investors\",\"Taker Volume\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\",\"url\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\",\"name\":\"3 Reasons Bitcoin Price Rally Is At Risk - Details\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\",\"datePublished\":\"2024-09-29T10:30:03+00:00\",\"dateModified\":\"2024-09-29T07:44:37+00:00\",\"description\":\"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\",\"width\":1000,\"height\":666,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"3 Reasons Bitcoin Price Rally Is At Risk – Details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shenyangcang.com\/#website\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & 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\/6280b76d69630ffb2f2fa78670d85d49\",\"name\":\"Semilore Faleti\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g\",\"caption\":\"Semilore Faleti\"},\"description\":\"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218\",\"https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti\"],\"url\":\"https:\/\/www.shenyangcang.com\/author\/semilorefaleti\/\"}]}<\/script>\n","yoast_head_json":{"title":"3 Reasons Bitcoin Price Rally Is At Risk - Details","description":"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","og_locale":"en_US","og_type":"article","og_title":"3 Reasons Bitcoin Price Rally Is At Risk - Details","og_description":"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0","og_url":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-29T10:30:03+00:00","article_modified_time":"2024-09-29T07:44:37+00:00","og_image":[{"width":1000,"height":666,"url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","type":"image\/jpeg"}],"author":"Semilore Faleti","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/SemiloreFaleti","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Semilore Faleti","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#article","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/"},"author":{"name":"Semilore Faleti","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49"},"headline":"3 Reasons Bitcoin Price Rally Is At Risk – Details","datePublished":"2024-09-29T10:30:03+00:00","dateModified":"2024-09-29T07:44:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/"},"wordCount":498,"publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","keywords":["bitcoin","bitcoin rally","btcusd","BTCUSDT","open interest","retail investors","Taker Volume"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","url":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","name":"3 Reasons Bitcoin Price Rally Is At Risk - Details","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","datePublished":"2024-09-29T10:30:03+00:00","dateModified":"2024-09-29T07:44:37+00:00","description":"Despite Bitcoin unusual positive performance in September, certain market conditions indicate concern over the sustainability of this rally.\u00a0","breadcrumb":{"@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#primaryimage","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","width":1000,"height":666,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"3 Reasons Bitcoin Price Rally Is At Risk – Details"}]},{"@type":"WebSite","@id":"https:\/\/www.shenyangcang.com\/#website","url":"https:\/\/www.shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & 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\/6280b76d69630ffb2f2fa78670d85d49","name":"Semilore Faleti","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/63bda068e88f86c9f4310ed993d60b1b?s=96&d=mm&r=g","caption":"Semilore Faleti"},"description":"Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/www.shenyangcang.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"3 Reasons Bitcoin Price Rally Is At Risk – Details","url":"http:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/bitcoin\/3-reasons-bitcoin-price-rally-is-at-risk-details\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"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 rally","btcusd","btcusdt","open interest","retail investors","taker volume"],"dateCreated":"2024-09-29T10:30:03Z","datePublished":"2024-09-29T10:30:03Z","dateModified":"2024-09-29T10:30:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"3 Reasons Bitcoin Price Rally Is At Risk – Details\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin\\\/3-reasons-bitcoin-price-rally-is-at-risk-details\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/bitcoin\\\/3-reasons-bitcoin-price-rally-is-at-risk-details\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"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 rally\",\"btcusd\",\"btcusdt\",\"open interest\",\"retail investors\",\"taker volume\"],\"dateCreated\":\"2024-09-29T10:30:03Z\",\"datePublished\":\"2024-09-29T10:30:03Z\",\"dateModified\":\"2024-09-29T10:30:03Z\"}<\/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\/09\/abstract-pattern-from-future-bitcoin-technology-blockchain_38654-112.jpg?fit=1000%2C666","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/645302","targetHints":{"allow":["GET"]}}],"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\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=645302"}],"version-history":[{"count":4,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/645302\/revisions"}],"predecessor-version":[{"id":645310,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/645302\/revisions\/645310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/645306"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=645302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=645302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=645302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}