{"id":648591,"date":"2024-10-18T06:00:52","date_gmt":"2024-10-18T06:00:52","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=648591"},"modified":"2024-10-17T19:33:26","modified_gmt":"2024-10-17T19:33:26","slug":"massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","title":{"rendered":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin (BTC), the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Historically, October has been a strong month for BTC, and recent trends suggest that the cryptocurrency may be on the verge of a substantial <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-price-skyrocket-118000-by-year-end\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">upward movement<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">Over the past week alone, the Bitcoin price has surged more than 13%, approaching its all-time high of $73,700 set in March of this year.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Increased Global Liquidity And Low Supply<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Deutscher <\/span><a href=\"https:\/\/x.com\/milesdeutscher\/status\/69493426\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">notes <\/span><\/a><span style=\"font-weight: 400\">that Bitcoin has been consolidating above critical support levels for much of the year, positioning it for potential expansion. Despite numerous failed breakouts in the past, which have led to a general distrust among traders, the analyst believes that this environment may create an opportunity for a significant price increase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many retail investors remain sidelined, as indicated by Bitcoin\u2019s current ranking on Coinbase and declining Google search interest in the cryptocurrency. T<\/span><span style=\"font-weight: 400\">his may suggests that the market force known as fear of missing out (FOMO), has yet to set in among investors.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/analysis\/bnb\/bnb-rejection-at-key-level-hints-at-a-potential-price-correction\/\" target=\"_blank\" rel=\"noopener \">BNB Rejection At Key Level Hints At A Potential Price Correction<\/a><\/div>\n<p><span style=\"font-weight: 400\">The macroeconomic backdrop also supports Bitcoin&#8217;s potential for further gains. Increased global liquidity\u2014now at its highest level in three years\u2014has historically influenced Bitcoin&#8217;s price positively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Deutscher also emphasizes that as equity markets begin to recover, Bitcoin tends to follow suit, often correlating closely with the S&amp;P 500. Additionally, Bitcoin&#8217;s <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/spot-bitcoin-etfs-btc-satoshi\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">supply on exchanges<\/span><\/a><span style=\"font-weight: 400\"> has reached an all-time low, suggesting that a supply squeeze may be imminent.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst contends that this trend indicates that fewer BTC are available for trading, which could drive prices higher as demand increases.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">October To April As &#8216;Boom Period&#8217; For Bitcoin\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Deutscher also emphasized in his analysis the upcoming US presidential election, which he believes adds another layer of complexity to the market. The analyst speculates that a <\/span><a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/bitcoin-price-forecast-trump-win-could-boost-btc-to-125000-standard-chartered\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">victory for former President Donald Trump<\/span><\/a><span style=\"font-weight: 400\"> could lead to favorable market reactions, with Bitcoin potentially positioned as \u201ca pillar of US financial stability.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Republican candidate has made a number of promises, the most notable being plans to make Bitcoin <\/span><a href=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/trump-floats-bitcoin-payments-as-solution-to-35-trillion-us-debt-crisis\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">a reserve asset<\/span><\/a><span style=\"font-weight: 400\"> for the country, with the aim of using it to reduce the $35 trillion national debt, further supported by pro-crypto Senator Cynthia Lummis.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/meme-coin\/solana-dogwifhat-buy-signal\/\" target=\"_blank\" rel=\"noopener \">Solana\u2019s Dogwifhat Meme Coin Flashes Buy Signal At $2.5, Is It Time To Jump In?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Seasonality also plays a role, according to the analyst. Deutscher explains that the period from October to April 2025 is traditionally seen as a \u201cboom period\u201d for <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/is-100000-bitcoin-feasible\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">cryptocurrencies<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While Bitcoin needs to break out of its current range\u2014potentially facing resistance around $70,000\u2014Deutscher believes this breakout is likely, especially given the substantial short interest in Bitcoin.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/qwCQU0Yn\/\" alt=\"Bitcoin\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The 1D chart shows BTC&#8217;s sideways price action below $68,000. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">At the time of writing, BTC is trading at $66,940, down 1.5% in the 24 hour time frame, as it has encountered significant resistance at the $68,000 level, preventing it from tackling the biggest resistance yet at $70,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC), the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher. Historically, October has been a strong month for BTC, and recent trends suggest that the cryptocurrency may be on the verge of a substantial upward movement. Over the past week alone, the Bitcoin price has surged more than 13%, approaching its all-time high of $73,700 set in March of this year. Increased Global Liquidity And Low Supply Deutscher notes that Bitcoin has been consolidating above critical support levels for much of the year, positioning it for potential expansion. Despite numerous failed breakouts in the past, which have led to a general distrust among traders, the analyst believes that this environment may create an opportunity for a significant price increase.\u00a0 Many retail investors remain sidelined, as indicated by Bitcoin\u2019s current ranking on Coinbase and declining Google search interest in the cryptocurrency. This may suggests that the market force known as fear of missing out (FOMO), has yet to set in among investors.\u00a0 Related Reading: BNB Rejection At Key Level Hints At A Potential Price Correction The macroeconomic backdrop also supports Bitcoin&#8217;s potential for further gains. Increased global liquidity\u2014now at its highest level in three years\u2014has historically influenced Bitcoin&#8217;s price positively.\u00a0 Deutscher also emphasizes that as equity markets begin to recover, Bitcoin tends to follow suit, often correlating closely with the S&amp;P 500. Additionally, Bitcoin&#8217;s supply on exchanges has reached an all-time low, suggesting that a supply squeeze may be imminent.\u00a0 The analyst contends that this trend indicates that fewer BTC are available for trading, which could drive prices higher as demand increases. October To April As &#8216;Boom Period&#8217; For Bitcoin\u00a0 Deutscher also emphasized in his analysis the upcoming US presidential election, which he believes adds another layer of complexity to the market. The analyst speculates that a victory for former President Donald Trump could lead to favorable market reactions, with Bitcoin potentially positioned as \u201ca pillar of US financial stability.\u201d The Republican candidate has made a number of promises, the most notable being plans to make Bitcoin a reserve asset for the country, with the aim of using it to reduce the $35 trillion national debt, further supported by pro-crypto Senator Cynthia Lummis.\u00a0 Related Reading: Solana\u2019s Dogwifhat Meme Coin Flashes Buy Signal At $2.5, Is It Time To Jump In? Seasonality also plays a role, according to the analyst. Deutscher explains that the period from October to April 2025 is traditionally seen as a \u201cboom period\u201d for cryptocurrencies.\u00a0 While Bitcoin needs to break out of its current range\u2014potentially facing resistance around $70,000\u2014Deutscher believes this breakout is likely, especially given the substantial short interest in Bitcoin. At the time of writing, BTC is trading at $66,940, down 1.5% in the 24 hour time frame, as it has encountered significant resistance at the $68,000 level, preventing it from tackling the biggest resistance yet at $70,000.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":648592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,485,656,679,1119,1144,8390,78790,6664,14690],"class_list":["post-648591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook<\/title>\n<meta name=\"description\" content=\"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.\" \/>\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\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook\" \/>\n<meta property=\"og:description\" content=\"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\" \/>\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=\"2024-10-18T06:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-17T19:33:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751\" \/>\n\t<meta property=\"og:image:width\" content=\"1305\" \/>\n\t<meta property=\"og:image:height\" content=\"751\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook\",\"datePublished\":\"2024-10-18T06:00:52+00:00\",\"dateModified\":\"2024-10-17T19:33:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\"},\"wordCount\":521,\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"crypto\",\"crypto news\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\",\"url\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\",\"name\":\"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751\",\"datePublished\":\"2024-10-18T06:00:52+00:00\",\"dateModified\":\"2024-10-17T19:33:26+00:00\",\"description\":\"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751\",\"width\":1305,\"height\":751,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook\"}]},{\"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/www.shenyangcang.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook","description":"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.","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\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook","og_description":"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.","og_url":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-18T06:00:52+00:00","article_modified_time":"2024-10-17T19:33:26+00:00","og_image":[{"width":1305,"height":751,"url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#article","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook","datePublished":"2024-10-18T06:00:52+00:00","dateModified":"2024-10-17T19:33:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/"},"wordCount":521,"publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751","keywords":["bitcoin","Bitcoin chart","Bitcoin news","bitcoin price","btc","btcusd","btcusd price","BTCUSDT","crypto","crypto news"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","url":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","name":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage"},"image":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751","datePublished":"2024-10-18T06:00:52+00:00","dateModified":"2024-10-17T19:33:26+00:00","description":"Bitcoin, the largest cryptocurrency by market capitalization, is showing signs of a potential breakout, according to analyst Miles Deutscher.","breadcrumb":{"@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#primaryimage","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751","width":1305,"height":751,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook"}]},{"@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\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/www.shenyangcang.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook","url":"http:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/bitcoin-news\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/Screenshot_529.jpg?fit=1305%2C751"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"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 chart","bitcoin news","bitcoin price","btc","btcusd","btcusd price","btcusdt","crypto","crypto news"],"dateCreated":"2024-10-18T06:00:52Z","datePublished":"2024-10-18T06:00:52Z","dateModified":"2024-10-18T06:00:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Massive Bitcoin Move Imminent: 7 Key Reasons Behind The Bullish Outlook\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/bitcoin-news\\\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/bitcoin-news\\\/massive-bitcoin-move-imminent-7-key-reasons-behind-the-bullish-outlook\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Screenshot_529.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Screenshot_529.jpg?fit=1305%2C751\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"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 chart\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2024-10-18T06:00:52Z\",\"datePublished\":\"2024-10-18T06:00:52Z\",\"dateModified\":\"2024-10-18T06:00:52Z\"}<\/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\/10\/Screenshot_529.jpg?fit=1305%2C751","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648591"}],"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\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=648591"}],"version-history":[{"count":1,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648591\/revisions"}],"predecessor-version":[{"id":648593,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648591\/revisions\/648593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/648592"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=648591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=648591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=648591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}