Bitcoin Teases $12,000 As Ethereum Transaction Fees Skyrocket – BTC and ETH Analysis

OUR STORY DISCOVER CRYPTOCURRENCIES NEWS AND UPDATES Simon Peters, market analyst Bitcoin teases us at $12,000 Bitcoin recently broke through $12,000, only to suffer a significant fall to $11,275. But far from dispelling recent hopes for a bull run, its subsequent return to the mid and even high $11,000’s over the weekend suggests that we might be witnessing another new bottom for Bitcoin; drops below the old $10k resistance level are looking increasingly unlikely. Besides, there is a major difference between investors strategically unwinding their positions and the sudden, panic-driven drops that we saw in March as the coronavirus pandemic began to take hold. Bitcoin’s burgeoning...