Today the price of bitcoin twice crossed the level of 11,000 dollars. It seems that bullish sentiment had begun to enter the market.
According to coinmarketcap.com the price of bitcoin twice crossed the mark of 11,000, before he finally crossed the border of this psychological barrier. At the moment the price of bitcoin is $11,034.40
Optimism returned to the market after bitcoin has broken the resistance level at $ 10,000 on February 16.
The upward movement confirmed the predictions of the famous cryptocurrency trader Tony Weiss, who in his recent forecasts have warned of instability in the area of US $ 10,000 and repositioning support levels.
#Bitcoin hit resistance for a swift $800 drop from $11,250 to $10,400… Now that it’s pulling back up what should be expect? $BTCUSD should become more predictable once clear Support & Resistance are established. Let’s have a Live Look:https://t.co/nZIwHpNqlJ— Tone Vays [#Bitcoin] (@ToneVays) February 18, 2018
Now “clear” the levels of support and resistance will make the price “more predictable” in the future. He also notes that there is bullish trend both on the daily charts and on weekly.
The growth rate of bitcoin has been through most of the top 50 altcoins in the last 24 hours.
Ethereum Classic (ETC) was a notable exception, and grew by 11% against BTC since Sunday.
See also recommendation for traders: ETC/BTC
Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC), meanwhile, fell by about 2% against BTC over the same period.