Bitcoin (btc) jumps 12% hitting a 6-month high, is this a dead cat bounce?

[Justinmoon]

Bitcoin surprised traders with bearish sentiment with its today's pump. The world’s largest cryptocurrency Bitcoin (BTC) has posed a solid 12% gain in the last few hours moving closer to $25,000 and hitting a new 6-month high. As of press time, BTC is trading 11.72% up at a price of $24,702 and a market cap of $476 billion.Bitcoin is leading all other altcoins in terms of percentage gains. On-chain data provider Santiment explains that we can expect whales and trading volumes to shift from altcoins to Bitcoin. So is this a dead cat bounce?

[rose berry]

Bitcoin has broken out and recently experienced a remarkable surge, achieving a six-month high of $24.9k!