Bitcoin Explodes Towards $12,000 as Altcoins Plunge; What Analysts are Saying

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Bitcoin has been sucking the air out of altcoins for the past few hours, with its price rallying significantly as Ethereum and other altcoins all sell-off This rally has sent it up towards $12,000, which mark fresh highs since its decline from its $12,400 yearly highs first began It does appear that bulls are currently setting their sights on a move past $12,000 Unlike Bitcoin’s previous rally – which came about in tandem with that seen by altcoins – this one has come about at the expensive of altcoins One analyst believes that BTC’s smaller counterparts are all incredibly weak at the moment and poised to see further weakness going forward Bitcoin and the entire cryptocurrency market are beginning to witness heightened volatility once again. Today, BTC has pushed up towards $12,000 in a sharp move that came about unexpectedly. This move sucked a significant amount of capital away from…

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