{"id":364934,"date":"2021-11-10T13:16:51","date_gmt":"2021-11-10T10:16:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-has-further-to-fall-before-btc-attacks-70k-says-trader\/"},"modified":"2021-11-10T13:16:51","modified_gmt":"2021-11-10T10:16:51","slug":"bitcoin-has-further-to-fall-before-btc-attacks-70k-says-trader","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-has-further-to-fall-before-btc-attacks-70k-says-trader\/","title":{"rendered":"# Bitcoin has further to fall before BTC attacks $70K, says trader"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a2d5d07483fb\" 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-6a2d5d07483fb\" 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-has-further-to-fall-before-btc-attacks-70k-says-trader\/#Target_65000_for_Bitcoin\" >Target $65,000 for Bitcoin<\/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-has-further-to-fall-before-btc-attacks-70k-says-trader\/#Consolidation_takes_hold_of_major_cryptocurrencies\" >Consolidation takes hold of major cryptocurrencies<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin has further to fall before BTC attacks $70K, says trader <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) remains bullish but has \u201cone more leg down\u201d to complete before a resurgence, one trader argues.<\/p>\n<p>In an\u00a0analysis on Nov. 10, popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Crypto Ed said that the pullback from this week\u2019s all-time highs above $68,500 was turning out to be deeper than anticipated.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Target_65000_for_Bitcoin\"><\/span>Target $65,000 for Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cGoing a bit deeper as I was expecting yesterday. Looks like it will do 1 more leg down to complete that ABC,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1458339382323253248\">said<\/a> alongside a forecast price trajectory chart. <\/p>\n<blockquote><p>\u201cLines up with 2nd chart: taking out those lows and retest support. When bounce, going for 70k.\u201d<\/p><\/blockquote>\n<p>BTC\/USD could thus fall to as low as $65,000 in the short term, marking retention of April\u2019s old highs as support.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/9f40859a-2c7d-47ce-8fce-deddf994fb04.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD price scenario. Source: Crypto Ed\/Twitter<\/em><\/figcaption><\/figure>\n<p>Others framed Monday\u2019s record as a record slump for the United States dollar against Bitcoin, among them longtime trader Peter Brandt.<\/p>\n<p>\u201c$1 when I was born is worth 8 cents today. $1 today will likely to be worthless when my grand kids are my age,\u201d part of a Twitter post read Wednesday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There is one thing in the markets I am absolutely sure of &#8212; the declining value of the U.S. Dollar <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DX_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DX_F<\/a><br \/>$1 when I was born is worth 8 cents today<br \/>$1 today will likely to be worthless when my grand kids are my age<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bkhlvbZnZD\">pic.twitter.com\/bkhlvbZnZD<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1458255700195348485?ref_src=twsrc%5Etfw\">November 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BTC\/USD circled $66,800 at the time of writing, data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed, having bounced at $66,250 hours previously.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/346916cd-6362-4741-a8c0-0aae75e8e4f9.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=\"Consolidation_takes_hold_of_major_cryptocurrencies\"><\/span>Consolidation takes hold of major cryptocurrencies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altcoins, meanwhile, copied Bitcoin in its modest comedown, with Ether (ETH) also correcting from all-time highs.<\/p>\n<p><strong><em>Related:\u00a0Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is \u2018now cemented\u2019<\/em><\/strong><\/p>\n<p>None of the top 10 cryptocurrencies by market capitalization showed positive performance over the past 24 hours.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/47410aa3-4687-41a8-9013-07af9e1a3b12.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The rout seemed to be fuelled by Tesla stock, which experienced a sudden 12% sell-off shortly after the start of trading Tuesday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yo <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> if you are selling <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TSLA<\/a> right now, at least put the proceeds into <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Benjamin Cowen (@intocryptoverse) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intocryptoverse\/status\/1458132531396677633?ref_src=twsrc%5Etfw\">November 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The destination of CEO Elon Musk\u2019s 10% stock sale worth $23 billion also remained a topic of debate amid hopes that Bitcoin would see a fresh commitment from the world\u2019s richest man.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\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-has-further-to-fall-before-btc-attacks-70k-says-trader\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin has further to fall before BTC attacks $70K, says trader &#8221; Bitcoin (BTC) remains bullish but has \u201cone more leg down\u201d to complete before a resurgence, one trader argues. In an\u00a0analysis on Nov. 10, popular Twitter account Crypto Ed said that the pullback from this week\u2019s all-time highs above $68,500 was turning out&#8230;<\/p>\n","protected":false},"author":1,"featured_media":364935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNWIxZWIyNzItMGI2My00M2MzLTgyNGEtYTBkNGFjNGQ3ODk2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,73785],"class_list":["post-364934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364934","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=364934"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/364935"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=364934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=364934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=364934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}