Breakout or fakeout? Top traders react to Bitcoin price rally to $12K

Within the past few hours, Bitcoin 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.

The general sentiment around Bitcoin (BTC) among analysts and traders remains positive, and multiple on-chain analysts say that Bitcoin has been behaving like a safe-haven asset….


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REUTERS/Fred Prouser Nouriel Roubini, known as “Dr. Doom” for his bearish views, slammed Bitcoin for …

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