The Bitcoin breaks the $ 11 thousand when a new support is formed and the analysis becomes bullish

Monday, February 19: the price of Bitcoin has surpassed $ 11,000 twice since Sunday as the bullish sentiment returns to the markets and the new support begins to form.

The Cointelegraph price index data shows a rise in the BTC / USD pair to a maximum of $ 11,190.10 on February 18, followed by a small peak above the significant barrier on Monday at $ 11,001.45.

Optimism is flowing after the Bitcoin broke the resistance around $ 10,000 on February 16, and the threshold subsequently formed an endorsement while prices remained above it at the time of this edition.

The bullish movement broadly reflects predictions by well-known cryptocurrency price analyst Tone Vays, who warned about the volatility around $ 10,000 in the various recent forecasts and a repositioning of backups.

Now, a "clear" support and resistance will make the future action of "more predictable" prices from now on, he says