{"id":423608,"date":"2020-05-12T15:14:53","date_gmt":"2020-05-12T15:14:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=423608"},"modified":"2024-06-11T12:58:26","modified_gmt":"2024-06-11T12:58:26","slug":"bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","title":{"rendered":"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold"},"content":{"rendered":"<p>Bitcoin\u2019s <a href=\"https:\/\/ktsl888.com\/2020\/05\/11\/bitcoin-exits-third-ever-halving-event-with-incredibly-strong-fundamentals\/\">halving<\/a> was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level.<\/p>\n<h2>The Effects of the Halving<\/h2>\n<p>Although everything seems normal like nothing happened, Charles Edwards, digital asset manager at Capriole Investments, <a href=\"https:\/\/twitter.com\/caprioleio\/status\/43434753?s=20\" rel=\"nofollow\">explained<\/a> the recent supply shock that Bitcoin went through is the \u201cmost brutal\u201d in its short history.<\/p>\n<p>The analyst believes that <a href=\"https:\/\/ktsl888.com\/2020\/05\/05\/bitcoin-miners-move-to-protect-their-profitability-as-halving-looms\/\">miners<\/a> could soon capitulate since their production costs just doubled to $14,000. As unprofitable miners exit the network, the selling pressure behind BTC may rise exponentially increasing the odds for further <a href=\"https:\/\/ktsl888.com\/2020\/05\/12\/bitcoin-could-fall-another-1000-according-to-this-textbook-indicator\/\">retracement<\/a>.<\/p>\n<blockquote><p>\u201cIn the last halving, price was just 10 percent below production cost, and price and hash rate collapsed by 20%. Without FOMO now, expect a big miner capitulation of more than 30%,\u201d said Edwards.<\/p><\/blockquote>\n<p>While there might be a significant number of miners shutting down their operations, a renowned analyst within the crypto community maintains that Bitcoin\u2019s uptrend remains intact.<\/p>\n<h2>Bitcoin Continues Trending Up<\/h2>\n<p>A prominent crypto aficionado <a href=\"https:\/\/twitter.com\/crypto_rand\/status\/01610240\" rel=\"nofollow\">affirmed<\/a> in a recent tweet that the pioneer cryptocurrency is \u201cnot done yet.\u201d BTC is currently sitting on top of an ascending trendline that is showing strong support.<\/p>\n<p>Given the strength of this barrier and the increasing volume, Bitcoin could be far from a further decline, according to the chartist.<\/p>\n<figure style=\"width: 3703px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/EXzivL1XgAAQ7ii?format=jpg&amp;name=4096x4096\" alt=\"Bitcoin US dollar price chart\" width=\"3703\" height=\"1889\"><figcaption class=\"wp-caption-text\">Bitcoin Sits on Top of Massive Support. (Source: <a href=\"https:\/\/twitter.com\/crypto_rand\/status\/01610240\/photo\/1\" rel=\"nofollow\">Twitter<\/a>)<\/figcaption><\/figure>\n<p>Indeed, the bellwether cryptocurrency appears to be contained within an ascending parallel channel since March\u2019s Black Thursday.<\/p>\n<p>Since then, each time Bitcoin rises to the upper boundary of the channel, it drops down to hit the lower boundary, and from this point, it bounces back up again. This is consistent with the characteristics of a channel.<\/p>\n<p>If the parallel channel continues to hold, Bitcoin could bounce back to the upper boundary. Although full-blown rebound may take some days to take place, it is extremely possible as it has happened over the past three months.<\/p>\n<figure style=\"width: 2696px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/i99X16PO\/\" alt=\"Bitcoin US dollar price chart\" width=\"2696\" height=\"1508\"><figcaption class=\"wp-caption-text\">Bitcoin Is Contained Within an Ascending Parallel Channel. (Source: <a href=\"https:\/\/www.tradingview.com\/x\/i99X16PO\/\" rel=\"nofollow\">TradingView<\/a>)<\/figcaption><\/figure>\n<p>Based on the Fibonacci retracement indicator, closing above the middle line of the parallel channel at $10,000 could propel Bitcoin towards a new yearly high around $11,000.<\/p>\n<figure style=\"width: 2696px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/vYtxdDmp\/\" alt=\"Bitcoin US dollar price chart\" width=\"2696\" height=\"1508\"><figcaption class=\"wp-caption-text\">The 38.2% Fib Level Is Key To Bitcoin&#8217;s Uptrend. (Source: <a href=\"https:\/\/www.tradingview.com\/x\/vYtxdDmp\/\" rel=\"nofollow\">TradingView<\/a>)<\/figcaption><\/figure>\n<p>On the flip side, it is very important to pay close attention to the support given by the 23.6% and 38.2% Fibonacci retracement level. A sudden bearish impulse that takes Bitcoin below these areas of support could jeopardize the bullish outlook.<\/p>\n<p>Under such circumstances, BTC could fall to the next support levels that are represented by the 50% and 61.8% Fibonacci retracement level. These demand walls sit at $6,850 and $6,100.<\/p>\n<p>Only time will tell whether support or resistance breaks first, which will be key to determine where Bitcoin is headed next.<\/p>\n<pre>Featured Image from Unsplash<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s halving was accompanied by high levels of volatility as many prominent analysts within the industry expected. The flagship cryptocurrency took a 20% nosedive over the weekend that saw its price drop below $8,000. Then, it quickly rebounded and it is now consolidating around the $8,800 level. The Effects of the Halving Although everything seems normal like nothing happened, Charles Edwards, digital asset manager at Capriole Investments, explained the recent supply shock that Bitcoin went through is the \u201cmost brutal\u201d in its short history. The analyst believes that miners could soon capitulate since their production costs just doubled to $14,000. As unprofitable miners exit the network, the selling pressure behind BTC may rise exponentially increasing the odds for further retracement. \u201cIn the last halving, price was just 10 percent below production cost, and price and hash rate collapsed by 20%. Without FOMO now, expect a big miner capitulation of more than 30%,\u201d said Edwards. While there might be a significant number of miners shutting down their operations, a renowned analyst within the crypto community maintains that Bitcoin\u2019s uptrend remains intact. Bitcoin Continues Trending Up A prominent crypto aficionado affirmed in a recent tweet that the pioneer cryptocurrency is \u201cnot done yet.\u201d BTC is currently sitting on top of an ascending trendline that is showing strong support. Given the strength of this barrier and the increasing volume, Bitcoin could be far from a further decline, according to the chartist. Indeed, the bellwether cryptocurrency appears to be contained within an ascending parallel channel since March\u2019s Black Thursday. Since then, each time Bitcoin rises to the upper boundary of the channel, it drops down to hit the lower boundary, and from this point, it bounces back up again. This is consistent with the characteristics of a channel. If the parallel channel continues to hold, Bitcoin could bounce back to the upper boundary. Although full-blown rebound may take some days to take place, it is extremely possible as it has happened over the past three months. Based on the Fibonacci retracement indicator, closing above the middle line of the parallel channel at $10,000 could propel Bitcoin towards a new yearly high around $11,000. On the flip side, it is very important to pay close attention to the support given by the 23.6% and 38.2% Fibonacci retracement level. A sudden bearish impulse that takes Bitcoin below these areas of support could jeopardize the bullish outlook. Under such circumstances, BTC could fall to the next support levels that are represented by the 50% and 61.8% Fibonacci retracement level. These demand walls sit at $6,850 and $6,100. Only time will tell whether support or resistance breaks first, which will be key to determine where Bitcoin is headed next. Featured Image from Unsplash<\/p>\n","protected":false},"author":529,"featured_media":423611,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,78790,76835],"class_list":["post-423608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin&#039;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold<\/title>\n<meta name=\"description\" content=\"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold\" \/>\n<meta property=\"og:description\" content=\"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-12T15:14:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:58:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1285\" \/>\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:creator\" content=\"@satoshilatino\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\"},\"author\":{\"name\":\"Ali Martinez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/9fa7351bc0d76fd8dedab2c9379421fc\"},\"headline\":\"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold\",\"datePublished\":\"2020-05-12T15:14:53+00:00\",\"dateModified\":\"2024-06-11T12:58:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\"},\"wordCount\":498,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285\",\"keywords\":[\"btcusd\",\"BTCUSDT\",\"xbtusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\",\"name\":\"Bitcoin's Uptrend Remains Intact as Multi-Month Trendline Continues to Hold\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285\",\"datePublished\":\"2020-05-12T15:14:53+00:00\",\"dateModified\":\"2024-06-11T12:58:26+00:00\",\"description\":\"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285\",\"width\":1920,\"height\":1285},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/9fa7351bc0d76fd8dedab2c9379421fc\",\"name\":\"Ali Martinez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/13c7763469707ce8c034d76dafaeaa6a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/13c7763469707ce8c034d76dafaeaa6a?s=96&d=mm&r=g\",\"caption\":\"Ali Martinez\"},\"description\":\"Ali began forex trading in 2012. In 2014, he came across Bitcoin\u2019s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/ali-martinez\/\",\"https:\/\/x.com\/satoshilatino\"],\"url\":\"https:\/\/ktsl888.com\/author\/alimartinez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin's Uptrend Remains Intact as Multi-Month Trendline Continues to Hold","description":"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.","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:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin's Uptrend Remains Intact as Multi-Month Trendline Continues to Hold","og_description":"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.","og_url":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-05-12T15:14:53+00:00","article_modified_time":"2024-06-11T12:58:26+00:00","og_image":[{"width":1920,"height":1285,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","type":"image\/jpeg"}],"author":"Ali Martinez","twitter_card":"summary_large_image","twitter_creator":"@satoshilatino","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ali Martinez","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/"},"author":{"name":"Ali Martinez","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/9fa7351bc0d76fd8dedab2c9379421fc"},"headline":"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold","datePublished":"2020-05-12T15:14:53+00:00","dateModified":"2024-06-11T12:58:26+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/"},"wordCount":498,"commentCount":0,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","keywords":["btcusd","BTCUSDT","xbtusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","url":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","name":"Bitcoin's Uptrend Remains Intact as Multi-Month Trendline Continues to Hold","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","datePublished":"2020-05-12T15:14:53+00:00","dateModified":"2024-06-11T12:58:26+00:00","description":"Despite the crash that has transpired over the past few days, Bitcoin continues to hold a key uptrend level that may suggest a return to a bull market.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","width":1920,"height":1285},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/9fa7351bc0d76fd8dedab2c9379421fc","name":"Ali Martinez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/13c7763469707ce8c034d76dafaeaa6a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13c7763469707ce8c034d76dafaeaa6a?s=96&d=mm&r=g","caption":"Ali Martinez"},"description":"Ali began forex trading in 2012. In 2014, he came across Bitcoin\u2019s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.","sameAs":["https:\/\/www.linkedin.com\/in\/ali-martinez\/","https:\/\/x.com\/satoshilatino"],"url":"https:\/\/ktsl888.com\/author\/alimartinez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold","url":"http:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ali Martinez"}],"creator":["Ali Martinez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","btcusdt","xbtusd"],"dateCreated":"2020-05-12T15:14:53Z","datePublished":"2020-05-12T15:14:53Z","dateModified":"2024-06-11T12:58:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin&#8217;s Uptrend Remains Intact as Multi-Month Trendline Continues to Hold\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoins-uptrend-remains-intact-as-multi-month-trendline-continues-to-hold\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bison-european-2118538_1920.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/bison-european-2118538_1920.jpg?fit=1920%2C1285\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ali Martinez\"}],\"creator\":[\"Ali Martinez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2020-05-12T15:14:53Z\",\"datePublished\":\"2020-05-12T15:14:53Z\",\"dateModified\":\"2024-06-11T12:58:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/05\/bison-european-2118538_1920.jpg?fit=1920%2C1285","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/423608"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/529"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=423608"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/423608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/423611"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=423608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=423608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=423608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}