{"id":23904,"date":"2024-06-28T21:00:57","date_gmt":"2024-06-28T18:00:57","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23904"},"modified":"2024-06-28T16:08:22","modified_gmt":"2024-06-28T13:08:22","slug":"bitcoin-price-dip-easing-rally-may-continue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/","title":{"rendered":"Bitcoin Price Dip Easing: Rally May Continue!"},"content":{"rendered":"

Bitcoin (BTC) price has been in a correction phase for the past few weeks due to selling pressure in the market. However, according to information from blockchain analysis platform CryptoQuant, the selling pressure on Bitcoin is starting to ease.<\/p>\n

One of the factors that caused the Bitcoin<\/a> price to fall in recent weeks was Bitcoin miners. After the halving in April, the Bitcoin block reward was halved. This also reduced the miners’ total daily revenue by approximately half. This led to the exit of miners who were not profitable enough and the upgrading of equipment by the remaining ones. In order to cover operating costs, miners sold large amounts of Bitcoin through OTCs during this process.<\/p>\n

According to CryptoQuant’s data, the Bitcoin market has been trying to absorb the coins released by miners into the market for the past few weeks.<\/p>\n

An analyst commented on the matter: “Fortunately, the amount of Bitcoin coming out of miners’ wallets has been decreasing rapidly in recent times.” The analyst added: “In other words, the selling pressure from miners is decreasing, and if the entire sales volume is absorbed, the necessary conditions for the upward rally to continue may be met.” The analyst expects positive movements in the cryptocurrency market from the third quarter of 2024.<\/p>\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>\u00a0 ,<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) price has been in a correction phase for the past few weeks due to selling pressure in the market. However, according to information from blockchain analysis platform CryptoQuant, the selling pressure on Bitcoin is starting to ease. One of the factors that caused the Bitcoin price to fall in recent weeks was Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":23513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,58,3258],"class_list":["post-23904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-cryptocurrency","tag-halving"],"yoast_head":"\nBitcoin Price Dip Easing: Rally May Continue! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Dip Easing: Rally May Continue! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) price has been in a correction phase for the past few weeks due to selling pressure in the market. However, according to information from blockchain analysis platform CryptoQuant, the selling pressure on Bitcoin is starting to ease. One of the factors that caused the Bitcoin price to fall in recent weeks was Bitcoin\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T18:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-28T13:08:22+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/\",\"name\":\"Bitcoin Price Dip Easing: Rally May Continue! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif\",\"datePublished\":\"2024-06-28T18:00:57+00:00\",\"dateModified\":\"2024-06-28T13:08:22+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif\",\"width\":1024,\"height\":683,\"caption\":\"bitcoin hash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Dip Easing: Rally May Continue!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/coinengineer.net\/\"],\"url\":\"https:\/\/coinengineer.net\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Price Dip Easing: Rally May Continue! - Coin Engineer","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:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Dip Easing: Rally May Continue! - Coin Engineer","og_description":"Bitcoin (BTC) price has been in a correction phase for the past few weeks due to selling pressure in the market. However, according to information from blockchain analysis platform CryptoQuant, the selling pressure on Bitcoin is starting to ease. One of the factors that caused the Bitcoin price to fall in recent weeks was Bitcoin","og_url":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/","og_site_name":"Coin Engineer","article_published_time":"2024-06-28T18:00:57+00:00","article_modified_time":"2024-06-28T13:08:22+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/","url":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/","name":"Bitcoin Price Dip Easing: Rally May Continue! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif","datePublished":"2024-06-28T18:00:57+00:00","dateModified":"2024-06-28T13:08:22+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/bitcoin-hash.avif","width":1024,"height":683,"caption":"bitcoin hash"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-dip-easing-rally-may-continue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Dip Easing: Rally May Continue!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/47d8a8204de9104b7e21c9124ecff87e02940cf67e2cf7122f4a02f1445ae66b?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coinengineer.net\/"],"url":"https:\/\/coinengineer.net\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=23904"}],"version-history":[{"count":4,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23904\/revisions"}],"predecessor-version":[{"id":23909,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/23904\/revisions\/23909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/23513"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=23904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=23904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=23904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}