{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=IT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bitcoin+takes+a+tumble+back+to+below+%2430%2C000+USD&text=In+a+short-term+bearish+correction%2C+Bitcoin+has+taken+a+dip+to+lose+the+%2430%2C000+USD+barrier+of+support+after+trading+strong+for+months.&text=Bitcoin+faced+a+drop+back+down+to+levels+seen+at+the+beginning+of+the+year+following+increased+selling+pressure+yesterday%2C+marking+the+strongest+correction+for+some+weeks.%0A%0ADropping+below+the+%2430%2C000+USD+mark+for+the+first+time+since+the+cryptocurrency+started+climbing+in+January%2C+Bitcoin+analysts+and+data+experts+in+the+field+are+expecting+the+token+to+test+support+if+it+continues+to+fall.+Having+broken+the+support+at+%2432%2C000+USD+and+falling+below+the+%2430%2C000+USD+barrier+of+support%2C+analysts+believe+Bitcoin+could+go+so+far+as+to+test+below+%2424%2C000+USD+if+it+continues+on+a+bearish+trajectory.%0A%3Ch2%3EWhy+did+Bitcoin+fall%3F%3C%2Fh2%3E%0AWhile+there+are+no+confirmed+theories+yet+about+Bitcoin%27s+sudden+decline%2C+some+suggest+that+the+institutional+investors+who+pooled+money+in+while+Bitcoin+rose+are+cashing+out+to+avoid+Bitcoin+as+a+crowded+asset.+Taking+profits+when+Bitcoin+appears+to+be+peaking+is+a+trading+strategy%2C+especially+taken+when+the+market+is+flooded+with+new+investors.%0A%0AThis+drop+in+price+was+predicted+by+some+earlier+this+week.+As+Scott+Minerd%2C+Guggenheim%E2%80%99s+CEO%2C+noted%2C+the+above+%2440%2C000+USD+mark+could+be+the+top+Bitcoin+sees+for+the+next+year+in+trading.+He+suggests+that+the+token+could+be+seeing+a+retracement+right+back+to+%2420%2C000+USD+again.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3E%22I+think+for+the+time+being%2C+we+probably+put+in+the+top+for+bitcoin+for+the+next+year+or+so%2C%22+says+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FScottMinerd%3Fref_src%3Dtwsrc%255Etfw%22%3E%40ScottMinerd%3C%2Fa%3E.+%22And+we%27re+likely+to+see+a+full+retracement+back+toward+the+20%2C000+level.%22+%3Ca+href%3D%22https%3A%2F%2Ft.co%2F0mUnkOSyW9%22%3Epic.twitter.com%2F0mUnkOSyW9%3C%2Fa%3E%3C%2Fp%3E%0A%E2%80%94+CNBC%27s+Closing+Bell+%28%40CNBCClosingBell%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FCNBCClosingBell%2Fstatus%2F1352005762164412420%3Fref_src%3Dtwsrc%255Etfw%22%3EJanuary+20%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0ADespite+his+short-term+bearish+approach%2C+however%2C+Minerd+foresees+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fit%2Fbitcoin-era%2F%22%3EBitcoin%3C%2Fa%3E+will+hit+monumental+adoption+to+tap+into+the+%24400%2C000+USD+levels+in+the+future.+Currently%2C+his+analysis+is+based+on+his+perception+that+Bitcoin%27s+recent+sharp+rise+upwards+is+unsustainable+to+last+and+that+the+drop+was+to+be+expected+-+and+will+possibly+dip+even+further.","timeout":15}