Breakout or fakeout? Top traders react to Bitcoin price rally to $12K
Bitcoin price rallied to $12,000 but traders are unsure whether the move is a breakout or a fakeout.
Within the past few hours, Bitcoin (BTC) price rose to $11,988 before pulling back to hover around the $11,900 level. The price is on the cusp of breaking above $12,000, and some analysts have suggested that the dominant cryptocurrency is in the process of decoupling from the rest of the market, including U.S. equities.
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