The Bitcoin Rate Rose Above $11,000 for The First Time in 3 weeks

The Bitcoin Rate Rose Above $11,000 for The First Time in 3 weeks

After three weeks of decline, the main cryptocurrency price rose above 11 thousand US dollars. The movement on BTC was also accompanied by an increase in the daily trading volume. As a result of this rally, other coins also show positive dynamics. It is worth noting that the total capitalization of the cryptocurrency market has grown by 9 billion US dollars over the last day.

The short-term prognosis is currently favorable for the bulls, given that the weekly close has generated a large bullish candle, while the focus on weekly resistances is now at 11,400 – 11,880 US dollars.

We want to remind:

Bitcoin Price Reached $8846 Per Coin, Analysts Expect $28K

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