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Analysts expect a bull-run as Bitcoin crosses $11,000 mark.

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On February 18,the value of Bitcoin decreased back to $10,350. But the overcast seems to clear up on 19th,with Bitcoin prices soaring up to $11,050 again. A sharp 5% daily profit has been recorded which generates a new impetus to the market scenario.
Over the last day, approximately $20 billion has been traded since 18th of February. The daily trading volume remains secure and productive across all significant Crypto exchanges which includes Binance, Bitfinex, UpBit and Bithumb. Perhaps, this is considered to be a visible indication of Bitcoin’s rally towards $13,000 by most digital currency enthusiasts.
HanKyoReh, a popular Media center from South Korean recently reported of an increased claim for Bitcoins as more than 80,000 Bitcoin transactions occur and hits a monthly high in January.
Chosun, another famous media outlet reported recently, “Resilient and strong bitcoin remains above $10,000 even through negative issues, criticisms, and large corrections.” It also added that with Increase in the number of Crypto enthusiasts, there’s a simultaneous increase in Crypto investments
Statistics say that the prices are going higher in a similar way as it did during it’s all-time high, during December ’17. A clear indication of Bitcoin’s bull run is what the analysts find from this.As Morehead reports, in about two weeks, the downfall of Bitcoin is about to achieve it’s normalcy and it shall raise up the bar for a higher chase in no time.

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