Bitcoin Price (BTC) Settles Above $10.5K: $11.2K Is Reaction Zone

There were strong gains in bitcoin price above $10,500 and $11,000 against the US Dollar.
The price struggled to stay above the $11,200 and $11,000 levels, and it recently corrected lower.
There was a break below a major bullish trend line with support near $10,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair remains well supported on the downside near the $10,600 and $10,500 levels.Bitcoin price is currently consolidating between $10,500 and $11,100 against the US