- Bitcoin has exploded past the $12,000 resistance for the first time in a year. This means that in the past seven days, the leading cryptocurrency is up by approximately 23%.
- This rally to $12,000 comes shortly after analysts began expecting this price point once BTC breached $11,400 just a day ago.
- Bitcoin has room to rally, say many crypto analysts, arguing that there is little resistance on the charts until $14,000.
Bitcoin Breaks Past $12,000 for the First Time In Around a Year
For the first time in around a year, Bitcoin has traded above the pivotal $12,000 level. This level has acted as an important technical level for BTC on multiple occasions over the past three years.
According to Skew.com, a derivatives tracker, this latest leg higher in the digital asset market liquidated …