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Bitcoin Overcomes A $11.000 Mark As New Support Forms And Analysts Turn Bullish

On February, 19 bitcoin price has grown until $11,000 twice since Sunday as bullish sentiment returns to markets and new support begins to shape.

Information from Cointelegraph’s price index displays a BTC/USD journey to a high of $11,190.10 Feb. 18, followed by a smaller peak above the considerable hurdle Monday at $11,001.45.

Positive mood is flowing after Bitcoin surpassed through resistance surrounding $10,000 Feb. 16, the threshold subsequently forming a support floor with prices staying above it as of press time.

The step upwards broadly reflects predictions by famous cryptocurrency price analyst T. Vays, who in different recent forecasts warned of variability around $10,000 and a repositioning of support floors.

And now, “clear” support and resistance will make future price action “more predictable” going forward, he states, noting the “bullish” trend in both daily and weekly diagrams as the week begins.

Bitcoin has surpassed the majority of the top 50 altcoin assets tracked by Coinmarketcap in USD terms over the last 24 hours.

Ethereum Classic has been a noticeable exception, gaining 11% on BTC since Sunday amid a trading uptick following a social media plug by main supporter B. Silbert Feb. 12.

He had attributed Bitcoin’s latest growth to the effect of its appearance on US talk show Ellen late last week, in which host Ellen DeGeneres shortly explained what Bitcoin is to millions of viewers.

Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) meanwhile lost about 2% against BTC during the same term.