{"id":352145,"date":"2021-10-13T11:56:58","date_gmt":"2021-10-13T08:56:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k\/"},"modified":"2021-10-13T11:56:58","modified_gmt":"2021-10-13T08:56:58","slug":"bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k\/","title":{"rendered":"# Bitcoin search interest nears 1-year lows as BTC price slips below $55K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a50265dd52f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a50265dd52f1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k\/#Analysts_unfazed_by_BTC_price_pullback\" >Analysts unfazed by BTC price pullback<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k\/#Lack_of_euphoria_is_%E2%80%9Cpleasant_surprise%E2%80%9D\" >Lack of euphoria is &#8220;pleasant surprise&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin search interest nears 1-year lows as BTC price slips below $55K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February&#8217;s old all-time highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/adb15f00-4840-47da-bd1c-3a5f0edae2a8.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Analysts_unfazed_by_BTC_price_pullback\"><\/span>Analysts unfazed by BTC price pullback<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>\u00a0showed BTC\/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp.<\/p>\n<p>After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent in the short term.<\/p>\n<p>For analysts, however, there was little surprise in the moves. $58,000 had been tipped as tricky resistance which was unlikely to break all at once, while a &#8220;buy the dip&#8221; opportunity at $53,000 or below was also on the radar for many.<\/p>\n<p>&#8220;This BTC pullback doesn&#8217;t worry me at all,&#8221; trader and analyst Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1448003827366604800\">summarized<\/a>.\u00a0<\/p>\n<p>He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1447992496877879297\">added<\/a> that such a consolidation and retest was likely a required feature for Bitcoin to cement new support and continue towards extant all-time highs and beyond.<\/p>\n<p>Of a similar opinion was popular trader Pentoshi, who hinted that the higher low which could result from the pullback may be Bitcoin&#8217;s last before an attack on higher levels.<\/p>\n<p>&#8220;Clear invalidation if 48k lost,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1447974282244526086\">concluded<\/a> in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> comments Tuesday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lack_of_euphoria_is_%E2%80%9Cpleasant_surprise%E2%80%9D\"><\/span>Lack of euphoria is &#8220;pleasant surprise&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, Bitcoin has kept something of a low profile despite coming within 15% of all-time highs.<\/p>\n<p><strong><em>Related:\u00a0Need some Bitcoin \u2018hopium?\u2019 This chart calls for new BTC price all-time high by November<\/em><\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/trends.google.com\/trends\/explore?q=Bitcoin\">Google Trends<\/a> data shows a comparative lack of interest in Q4 Bitcoin highs compared with earlier in the year.<\/p>\n<p>Sentiment, while showing signs of greed, has not hit the extremes that traditionally characterize local and macro price tops.<\/p>\n<p>&#8220;Pleasantly suprised by the lack of euphoria as we approach $60K Bitcoin,&#8221; Charles Edwards, founder of asset manager Capriole, reacted this week. <\/p>\n<blockquote><p>&#8220;Just like October 2020.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/1d790e5b-c293-480f-9416-9cc27b6f1627.png\"><figcaption style=\"text-align: center;\"><em>Worldwide Google search data for &#8220;Bitcoin.&#8221; Source: Google Trends<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-search-interest-nears-1-year-lows-as-btc-price-slips-below-55k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin search interest nears 1-year lows as BTC price slips below $55K &#8221; Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February&#8217;s old all-time highs. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC price pullback Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD reversing from five-month&#8230;<\/p>\n","protected":false},"author":1,"featured_media":352146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYTU1ZDIyNWMtMTQ5Ny00NDU4LThhNDAtYmE4Y2E3YjIyOGZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-352145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/352145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=352145"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/352145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/352146"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=352145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=352145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=352145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}