Breaking: Bitcoin breaks above $12,000 first time since September 1; traders anticipate a bull run

• The pioneer digital currency broke above the pivotal resistance area of $12,000 for the first time in more than a month.
• If the move is sustained, the market may develop a major bullish run with the initial focus on $12,500 (the highest level of 2020) and $12,927 (the highest level of 2019).
• The $12,000 level was a strong psychological level and the last real resistance point before $13,000.

BTC/USD 1-hour chart