Bitcoin Set For New Yearly Highs? Analysts Cheery as BTC Hits $12,700

Since our last market update, Bitcoin (BTC) has continued to foray higher, managing to maintain bullish momentum for an extended period of time. As of the time of writing this, the cryptocurrency has gained 10% in the past 24 hours, finding itself changing hands for $12,600 apiece. Tuesday’s high so far is just around $12,700.

According to a number of analysts, this move puts BTC in a good spot to retest all-time highs in the coming days, barring that momentum fails and buyers do not continue to step into this market.

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