Bitcoin bulls are attempting to flip the $12,000-$12,200 range to support in order to kickstart a rally to $12,900.
Despite today’s 4.4% Bitcoin price correction to retest underlying support, bulls are attempting a daily close above $12,000.
The S&P 500 reached a new all-time intraday high, confirming the start of a new bull market according to analysts.
Bitcoin’s trend of lower highs and support / resistance flips remains intact.
After a volatile day which saw Bitcoin (BTC) price drop to $11,820, the digital asset appears ready to secure a daily close above $12,000.
The mild 4.4% correction came after a 6-day run which saw BTC price gain 11.93% and the pullback allowed for a retest of an underlying support. Suc