Bitcoin Price (BTC) Sets New 2019 High: Stage Set For $12K?

There was a fresh increase in bitcoin and it broke the $11,250 resistance against the US Dollar.
The price traded to a new 2019 high and it is likely to accelerate above the $11,500 resistance.
There was a break above an ascending channel with resistance near $11,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is gaining momentum and it could even trade towards the $12,000 level in the near term.Bitcoin price is trading with a bullish angle above $11,200 against th