Bitcoin Jumps Back Above $11k for First Time In 3 Weeks

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Bitcoin (BTC) has risen back above the $11,000 psychological price point after regaining ground on July 8’s and July 22’s bearish breakdowns.At 15:00 UTC on August 4, the world’s largest cryptocurrency by market capitalization rose above $11,000 for the first time in 21-days.BTC’s price stalled and then was retested along the $10,600 area on Aug. 4, proceeded by a breakout above $11,000, 10 hours after its most recent sell-off. BTC was last seen changing hands at $11,227 after a strong hourly candle broke above $11,050.The move for BTC has also been accompanied by $3.9 billion in total volume traded over a 24-hour period hinting at a need for greater levels in order to sustain any further pushes to previous resistances seen at $11,400 and $11,880, but given today’s trajectory that is certainly possible.As a result, other major names are flashing green today with Ether (ETH), TRON (TRX) and Tezos (XTZ)…

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