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The latest cryptocurrency news show that the entire market is in the green, with Bitcoin finally going above $11,000 and seeing support comfortably above this mark. As Bitcoin tops $11,200, other altcoins are following the trend too and are continuously rising.

Currently, BTC is gaining 6% while Ethereum has gained 4% in a couple of hours, rising to $317. Ripple (XRP) is third on the market with a positive traction of only $2.32 – which is still not enough to get it closer to the half dollar mark.

Bitcoin Cash (BCH) is with approximate gains of 4%, solid and stable on the fourth position trading at $493 and preparing to breach the $500 mark. The most notable increase in the coming altcoin news as Bitcoin tops $11,200 was the one made by Monero (XMR) which gained more than 5% and stabilized at $120.

Bitcoin is now continuing to rise. Many analysts said that the bullish trend is very strong and if it continues like this, we are likely seeing BTC over its all-time highs. The traders on the market are happy as Bitcoin tops $11,200 – especially because of the fact that the cryptocurrency is more dominant than ever before, with a dominance set at 59.3%.

A popular analyst commented the Bitcoin tops $11,200 frenzy by stating:

“$BTC increased 250% between the December lows and now. Another 250% increase would take price to $38.5K. (Past performance not indicative of future results).”

Another popular guy in the Bitcoin trading space, Anthony Pompliano, happily commented the news and hinted a lot of optimism on the market.

“BITCOIN JUST BROKE $11,000” he tweeted.

The positive sentiment around Bitcoin is very high right now, the best cryptocurrency news sites report. However we definitely need to be cautious as the dominant cryptocurrency is used to highs and lows. As Bitcoin tops $11,200, many predict a $12,000 level breached by tomorrow evening – and others set the bottom line at $10,000.

For long, the $11,000 level has been noted as an important region of resistance for Bitcoin to break above – and a decisive move above this region could lead the cryptocurrency market to skyrocket back towards its previously established all-time highs.