{"id":112090,"date":"2019-08-19T11:50:12","date_gmt":"2019-08-19T18:50:12","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=112090"},"modified":"2019-11-07T02:51:50","modified_gmt":"2019-11-07T02:51:50","slug":"bitcoin-posed-to-break-above-11000-as-consolidation-continues","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/","title":{"rendered":"Bitcoin posed to break above $11,000 as consolidation continues"},"content":{"rendered":"<p><a href=\"http:\/\/cryptoslate.com\/coins\/bitcoin\">Bitcoin<\/a> threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance <a href=\"https:\/\/cryptoslate.com\/how-bitcoin-dominance-could-retrace-and-trigger-an-altcoin-bull-market\/\">appears overdue<\/a> for a major correction, it still remains bullish from a technical perspective.<\/p>\n<p>The market sentiment around Bitcoin was stoked following <a href=\"http:\/\/cryptoslate.com\/companies\/bakkt\">Bakkt<\/a>\u2019s <a href=\"https:\/\/cryptoslate.com\/bakkt-approval-cftc-bitcoin-futures-launching\/\">approval<\/a> for physically-settled Bitcoin futures. As the first signs of the continuation of the bull trend, Bitcoin appears to be consolidating and could be bound for another surge.<\/p>\n<h2>Bitcoin dominance<\/h2>\n<p>Bitcoin dominance surged in the last two months after breaking out of an ascending triangle that began forming at the trough of the correction in 2017 (where BTC\u2019s dominance was at a historic low of 35 percent).<\/p>\n<p>However, it seems BTC dominance recently hit an exhaustion point after reaching 71.50 percent. In fact, the TD sequential indicator is giving a bearish signal (in the form of a green nine), which could allow Bitcoin\u2019s dominance to retrace within the next few weeks.<\/p>\n<p>This technical index predicts a one-to-four week correction that will be confirmed once a red two candlestick trades below a preceding red one candlestick. On the other hand, the bearish signal will be invalidated if a green two candlestick trades above a preceding green one candle, which will allow the uptrend to continue and possibly take BTC dominance up to 80 percent.<\/p>\n<p>It\u2019s worth noting that since late 2017, the last four times the TD sequential indicator gave a sell signal (in the form of a green nine) three were correct.<\/p>\n<p>The first happened the week of Nov. 6, 2017, which resulted in a 25 percent plunge from a market share of 65.6 to 48.5 percent. The second sell signal occurred the week of Mar. 26, 2018, taking dominance from 50.2 to 38.7 percent. The last retracement was the one in the week of Sept. 17, 2018, which dropped BTC\u2019s market share from 58.8 to 51.3 percent.<\/p>\n<figure style=\"width: 1056px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/0_HhnH2av4hFTy1jaRt8CL4cQKHtbhbzORlSsVGxj7KSrUVMN7bM78aV-MWSuAcxW-F0P1aBasRDNVnH7D2jZgmYp6BSaNHPECGHV-sC7ksooY5pq79J-Q2RtAkmGcu15yVIj-Iu\" alt=\"Bitcoin dominance chart\" width=\"1056\" height=\"639\" \/><figcaption class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/\">BTC dominance<\/a> by TradingView<\/figcaption><\/figure>\n<h2>Bitcoin price analysis<\/h2>\n<p>Even though Bitcoin dominance over the market appears to be in a bearish posture, its price looks bullish based on the 1-week chart. BTC recently managed to regain support at the 7-week moving average, which is a strong positive sign.<\/p>\n<p>This moving average represents a significant support level for Bitcoin\u2019s bullish trend. As a matter of fact, since this cryptocurrency moved above the 7-week moving average in mid-February, its price has been trending up, enjoying a 292 percent increase. Following the peak at $13,870, Bitcoin dropped below this moving average twice, but it immediately went back above it which adds credibility to the bullish outlook.<\/p>\n<p>Therefore, as long as BTC remains trading above the 7-week moving average on the 1-week chart, its long-term perspective will remain bullish. However, breaking below this moving average could trigger a major correction down to the 30 or 50-week moving average.<\/p>\n<figure style=\"width: 1056px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/GUJmFq-h-sBwb9gbZc7RKAIenPGjj56QiwrU4-IQ0a45yRXUJYSYpcamgpTwq_epanUDQTqK4DQhvBa-N80aj2Pjr8dbmHhAZ4cr1qd-QkGpqoGX_fyqSbq8hmQdyposl8bK7ubR\" alt=\"Bitcoin USD price chart\" width=\"1056\" height=\"639\" \/><figcaption class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/chart\/BTCUSD\/\">BTC\/USD<\/a> by TradingView<\/figcaption><\/figure>\n<p>Based on the 1-day chart, a bull flag seems to be forming. This is considered a continuation pattern that develops after strong upward movement, known as the flagpole\u2014and is succeeded by a consolidation period, known as the pennant\u2014that tends to breakout in the direction of the previous trend.<\/p>\n<p>At the moment, Bitcoin seems to be in the consolidation phase of the bull flag pattern. Since BTC appears to have failed to break out of the pattern, it went down to reach the middle of the flag. Now, BTC could be rebounding off the middle of the flag to the top to try to break out of it again.<\/p>\n<p>If there is a breakout, the bull flag predicts a nearly 46 percent target to the upside (determined by measuring the height of the flagpole). Thus if this bullish formation is validated, it could take Bitcoin to around $17,000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/lh4.googleusercontent.com\/Ue6WDqeU8Xwony7u_6CeCKpSKD_z1ncyGZdyrZHcvZAhc0Fs9avIHQ3BGX-EVlmWECa1hZZCe-TQ4KkI7XZNCoHQH5_5SMN6QMjIJ1E0MHis3nBmGwHNF3KtSCL6kd70tmF_eTy7\" alt=\"Bitcoin USD price chart\" width=\"1056\" height=\"639\" \/><\/p>\n<p>Nonetheless, a symmetrical triangle also appears to be developing on the 1-day chart. This technical formation represents a period of consolidation before the price is forced to breakout in a negative or positive trend. A move below the lower trendline marks the start of a new bearish trend. Meanwhile, a move above the upper trendline indicates the start of a new bullish trend. By measuring the distance between the initial high and low, the symmetrical triangle predicts a 35.50 percent target on both directions. Thus, a spike in selling or buying pressure could be used as confirmation of the direction that the pattern will break out to.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/lh3.googleusercontent.com\/9WybdbE541epyeUz7KTRgIFWy8PM9E3rv3DpCShltivHCj2A9YU0E6JRFlZGqIhSZwhtHvnhb1BvF8GdDppwVG-fp68s7E-mCy6YAE9HfmbgDEdOMs3ZXRJTsMcMMVZcHStK8mBU\" alt=\"Bitcoin USD price chart\" width=\"1056\" height=\"639\" \/><\/p>\n<p>Due to the opposing views that the symmetrical triangle presents, the Fibonacci retracement indicator can be used to determine the different price levels that could lead to breakdown or breakout.<\/p>\n<p>Measured from the low of $3,130 on December 15 to the high of $13,870 on June 26, this technical index predicts that a move below the 38.2 percent Fibonacci retracement zone could lead to a further drop down to the 50 percent Fibonacci retracement level. If this Fibonacci retracement level is not able to hold, then Bitcoin could continue declining to test the 61.8 percent Fibonacci retracement, which is where the bearish target of the symmetrical triangle sits.<\/p>\n<p>Conversely, a move above the 23.6 and 16.18 percent Fibonacci could be used as confirmation that both the bull flag and the symmetrical triangle could be validated and Bitcoin will be bound to a major upswing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/lh3.googleusercontent.com\/F5jUu25PKBF2D6lqjB9tOYybe3Ji0mOhO1xNctpp-YSmpqaIWVDG6wvltn52DiYNuX_fIIj3xYGeVyYSUB2lZ0IalFGnfd62FZZtE3iittHm-rySganFDnOfALzLtNy1RFD8zMW6\" alt=\"Bitcoin USD price chart\" width=\"1056\" height=\"639\" \/><\/p>\n<h2>Overall sentiment<\/h2>\n<p>Bitcoin continues consolidating after nearly two months since it peaked at $13,870. Currently, the symmetrical triangle that appears to be forming on the 1-day chart gives credibility to the bearish and bullish views seen over the market. As the price of Bitcoin contracts into a narrower range, it could soon breakout in any direction. Thus, it will be wiser to use the break of the support or resistance levels given by the Fibonacci retracement indicator as a confirmation of the direction of the trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective. The market sentiment around Bitcoin was stoked following Bakkt\u2019s approval for physically-settled Bitcoin futures. As the first signs of the continuation of the bull [&hellip;]<\/p>\n","protected":false},"author":148,"featured_media":72510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323,6849],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin posed to break above $11,000 as consolidation continues<\/title>\n<meta name=\"description\" content=\"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin posed to break above $11,000 as consolidation continues\" \/>\n<meta property=\"og:description\" content=\"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-19T18:50:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-07T02:51:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/sec-bitcoin-etf-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Martinez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bitcoin posed to break above $11,000 as consolidation continues\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Martinez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\"},\"author\":{\"name\":\"Ali Martinez\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74\"},\"headline\":\"Bitcoin posed to break above $11,000 as consolidation continues\",\"datePublished\":\"2019-08-19T18:50:12+00:00\",\"dateModified\":\"2019-11-07T02:51:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\"},\"wordCount\":941,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Price Watch\",\"Trading\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\",\"url\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\",\"name\":\"Bitcoin posed to break above $11,000 as consolidation continues\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2019-08-19T18:50:12+00:00\",\"dateModified\":\"2019-11-07T02:51:50+00:00\",\"description\":\"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin posed to break above $11,000 as consolidation continues\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"NewsMediaOrganization\"],\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"actionableFeedbackPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74\",\"name\":\"Ali Martinez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg\",\"caption\":\"Ali Martinez\"},\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started accumulating BTC since then. Ali has been working as a content writer for some of the leading media outlets in the cryptocurrency industry.\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin posed to break above $11,000 as consolidation continues","description":"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.","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:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin posed to break above $11,000 as consolidation continues","og_description":"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.","og_url":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/","og_site_name":"CryptoSlate","article_published_time":"2019-08-19T18:50:12+00:00","article_modified_time":"2019-11-07T02:51:50+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/sec-bitcoin-etf-social.jpg","type":"image\/jpeg"}],"author":"Ali Martinez","twitter_card":"summary_large_image","twitter_title":"Bitcoin posed to break above $11,000 as consolidation continues","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Ali Martinez","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/"},"author":{"name":"Ali Martinez","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74"},"headline":"Bitcoin posed to break above $11,000 as consolidation continues","datePublished":"2019-08-19T18:50:12+00:00","dateModified":"2019-11-07T02:51:50+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/"},"wordCount":941,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Price Watch","Trading"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/","url":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/","name":"Bitcoin posed to break above $11,000 as consolidation continues","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2019-08-19T18:50:12+00:00","dateModified":"2019-11-07T02:51:50+00:00","description":"Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/bitcoin-posed-to-break-above-11000-as-consolidation-continues\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin posed to break above $11,000 as consolidation continues"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":["Organization","NewsMediaOrganization"],"@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","actionableFeedbackPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/007a137cb81e371aea61a5ed1f39fa74","name":"Ali Martinez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-150x150.jpg","caption":"Ali Martinez"},"description":"Ali came across Bitcoin\u2019s whitepaper in 2014. He was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started accumulating BTC since then. Ali has been working as a content writer for some of the leading media outlets in the cryptocurrency industry.","url":"https:\/\/cryptoslate.com\/author\/ali-martinez\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/112090"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/148"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=112090"}],"version-history":[{"count":5,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/112090\/revisions"}],"predecessor-version":[{"id":112103,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/112090\/revisions\/112103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/72510"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=112090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=112090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=112090"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=112090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}