{"id":15094,"date":"2022-12-23T14:51:36","date_gmt":"2022-12-23T14:51:36","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/12\/23\/bitcoin-struggles-but-okcoin-ceo-thinks-3-catalysts-will-make-it-bullish\/"},"modified":"2022-12-23T14:51:37","modified_gmt":"2022-12-23T14:51:37","slug":"bitcoin-struggles-but-okcoin-ceo-thinks-3-catalysts-will-make-it-bullish","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/12\/23\/bitcoin-struggles-but-okcoin-ceo-thinks-3-catalysts-will-make-it-bullish\/","title":{"rendered":"Bitcoin struggles but Okcoin CEO thinks 3 catalysts will make it bullish"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666031625002-471dc577-363b-4c16-b2d6-3697cbed24fa-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666031625002-471dc577-363b-4c16-b2d6-3697cbed24fa-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666031625002-471dc577-363b-4c16-b2d6-3697cbed24fa-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2017\/06\/1666031625002-471dc577-363b-4c16-b2d6-3697cbed24fa-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2017\/06\/1666031625002-471dc577-363b-4c16-b2d6-3697cbed24fa.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin has steadied above $16,000<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Okcoin CEO expects Bitcoin\u2019s bear market to be pushed by key developments<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The cryptocurrency may come beneath strain after falling beneath shifting averages<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">No Santa Claus rally for Bitcoin (BTC\/USD) lovers? This is the clearest signal because the\u00a0<a href=\"https:\/\/coinjournal.net\/bitcoin\/#:~:text=The%20price%20of%20BTC%20today,trading%20volume%20of%20%2412.40B.\" rel=\"noopener noreferrer\" target=\"_blank\"><u>BTC price<\/u><\/a> crashed beneath the shifting averages. Despite bulls efficiently defending $16,000, Bitcoin is way away from a bullish market. However, the CEO of the crypto trade Okcoin is throwing insights on what to have a look at for a bullish Bitcoin motion.<\/p>\n<p dir=\"ltr\">Hong Fang opines that the necessity for sturdy financial techniques would drive Bitcoin and crypto. According to the Okcoin CEO, the failures and shortcomings of the present centralised foreign money techniques may spur bullish markets. Already, just a few international locations are testing their financial techniques with Bitcoin and crypto. The notable ones on this pack are El Salvador and the Central African Republic. Will extra international locations be part of? Fang thinks so.<\/p>\n<p dir=\"ltr\">The second occasion is the Bitcoin halving occasion in 2024. Fang wonders whether or not it is coincidental that previous halving occasions have been related to bullish crypto markets. In this regard, he expects the subsequent cycle to be related to a bullish marketplace for Bitcoin.\u00a0<\/p>\n<p dir=\"ltr\">Then there&#8217;s the ultimate and third bullish set off \u2013 use instances. The CEO says quite a lot of tasks proceed to be created in crypto in a bear market. He expects the tasks being created proper now to be the subsequent set off of the bull cycle.\u00a0<\/p>\n<p dir=\"ltr\">From Okcoin CEO\u2019s ideas, it is evident that he refers back to the BTC\u2019s long-term focus. However, a technical outlook paints a distinct image of the quick time period.\u00a0<\/p>\n<h2 dir=\"ltr\"><strong>BTC worth outlook and evaluation<\/strong><\/h2>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2022\/11\/23\/1671805313109-031997df-190f-4fe6-a6f2-1000037309d7.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"317\"\/><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>BTC\/USD Chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">A technical outlook exhibits Bitcoin struggling after a slight descent. The shifting averages are offering resistance to the BTC worth. The RSI stays beneath the midpoint.<\/p>\n<h2 dir=\"ltr\"><strong>Is BTC set to the touch decrease costs?<\/strong><\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Bitcoin<\/u><\/a> lacks a directional motion. $16,000 is the worth to observe, though the cryptocurrency has stabilised at this stage. On the bullish aspect, $19,000 is the worth ceiling. A restoration above may welcome additional good points.<\/p>\n<h2 dir=\"ltr\"><strong>Where to purchase BTC<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro gives a variety of cryptos, equivalent to Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTgyMzg&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy BTC with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Bitstamp<\/h3>\n<p>Bitstamp is a number one cryptocurrency trade which gives buying and selling in fiat currencies or standard cryptocurrencies.<\/p>\n<p>Bitstamp is a totally regulated firm which gives customers an intuitive interface, a excessive diploma of safety in your digital property, glorious buyer assist and a number of withdrawal strategies.<\/p>\n<p>\n    (*3*)\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-struggles-but-okcoin-ceo-thinks-3-catalysts-will-make-it-bullish\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin has steadied above $16,000 Okcoin CEO expects Bitcoin\u2019s bear market to be pushed by key developments The cryptocurrency may come beneath strain after falling beneath shifting averages No Santa Claus rally for Bitcoin (BTC\/USD) lovers? This is the clearest signal because the\u00a0BTC price crashed beneath the shifting averages. Despite bulls efficiently defending $16,000, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,539,5614,44,5613,21,1746],"class_list":["post-15094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bullish","tag-catalysts","tag-ceo","tag-okcoin","tag-struggles","tag-thinks","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=15094"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15094\/revisions"}],"predecessor-version":[{"id":15095,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15094\/revisions\/15095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10894"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=15094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=15094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post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