{"id":27325,"date":"2023-08-22T23:59:58","date_gmt":"2023-08-22T23:59:58","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/22\/bitcoin-is-not-headed-for-new-lows-scott-melker\/"},"modified":"2023-08-22T23:59:58","modified_gmt":"2023-08-22T23:59:58","slug":"bitcoin-is-not-headed-for-new-lows-scott-melker","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/22\/bitcoin-is-not-headed-for-new-lows-scott-melker\/","title":{"rendered":"Bitcoin is not headed for new lows: Scott Melker"},"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\/2023\/08\/160489439_m_normal_none-min-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/160489439_m_normal_none-min-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/160489439_m_normal_none-min-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/160489439_m_normal_none-min-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/08\/160489439_m_normal_none-min.jpg\" alt=\"bitcoin not headed for new lows scott melker\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Wolf of All Street\u2019s host Scott Melker is constructive on Bitcoin.<\/li>\n<li>He defined why in an interview with Yahoo Finance in the present day.<\/li>\n<li>BTC has tumbled from $31,000 to $26,000 in about six weeks.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> is nonetheless a bull market regardless of the sharp sell-off in latest weeks, says Scott Melker \u2013 Host of \u201cThe Wolf of All Streets\u201d podcast.<\/p>\n<h2>Melker stays constructive on Bitcoin<\/h2>\n<p>The world\u2019s largest cryptocurrency has retreated from over $31,000 to the sub $26,000 stage in about six weeks \u2013 fragility that Melker attributes to a \u201clong squeeze\u201d.<\/p>\n<p>But he stays assured that Bitcoin is not in any respect doomed to make a new low within the coming months. Defending his view on <a href=\"https:\/\/finance.yahoo.com\/video\/bitcoin-no-reason-suspect-headed-211158422.html\" target=\"_blank\" rel=\"noopener\">Yahoo Finance<\/a>, the crypto dealer and investor mentioned:<\/p>\n<blockquote>\n<p>I don\u2019t suppose there\u2019s purpose to suspect we\u2019ll go to new lows like we did after the FTC collapse until we&#8217;ve got another large black swan occasion. I don\u2019t see that in playing cards.<\/p>\n<\/blockquote>\n<p>Note that <a href=\"https:\/\/dailyhodl.com\/2023\/08\/16\/crypto-analyst-forecasts-big-bitcoin-btc-move-to-40000-heres-his-timeline\/\" target=\"_blank\" rel=\"noopener\">Jason Pizzino<\/a> additionally just lately mentioned that BTC may quickly be price over $42,000.<\/p>\n<h2>Bitcoin has robust assist at $25,000 stage<\/h2>\n<p>Scott Melker introduced $25,000 as a key stage to observe in Bitcoin \u2013 as lengthy it\u2019s buying and selling above that stage, it\u2019s nonetheless in a bull market, he added.<\/p>\n<p>The crypto knowledgeable sticks the chance of a <a href=\"https:\/\/coinjournal.net\/news\/sec-delays-decision-on-ark-invest-spot-bitcoin-etf\/\">Spot Bitcoin ETF<\/a> being authorized by the Securities &amp; Exchange Commission this 12 months at 65%. He\u2019s constructive on BTC additionally as a result of the large gamers have been loading up on it for months.<\/p>\n<blockquote>\n<p>If you take a look at the way in which Bitcoin has moved over the previous 4 years, we\u2019re within the midst of one other four-year cycle in the very same place that we have been final time.<\/p>\n<\/blockquote>\n<p>The whole provide of Bitcoin is slated to <a href=\"https:\/\/www.forbes.com\/advisor\/au\/investing\/cryptocurrency\/bitcoin-halving\/\" target=\"_blank\" rel=\"noopener\">halve<\/a> within the second quarter of 2024 \u2013 an occasion that\u2019s traditionally delivered a lift to its value.<\/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-not-headed-for-new-lows-scott-melker\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Wolf of All Street\u2019s host Scott Melker is constructive on Bitcoin. He defined why in an interview with Yahoo Finance in the present day. BTC has tumbled from $31,000 to $26,000 in about six weeks. Bitcoin is nonetheless a bull market regardless of the sharp sell-off in latest weeks, says Scott Melker \u2013 Host [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27327,"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":[20,1376,1331,7782,7781],"class_list":["post-27325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-headed","tag-lows","tag-melker","tag-scott","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\/27325","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=27325"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27325\/revisions"}],"predecessor-version":[{"id":27326,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27325\/revisions\/27326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/27327"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=27325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=27325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=27325"}],"curies":[{"name":"wp","href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