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Bitcoin Could Hit $12K on Ethereum-Tailing Behaviour: Analyst

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  • Bitcoin is eyeing a breakout towards $12,000, according to crypto-chart analyst Josh Rager.
  • The analogy appears out of Ethereum’s latest upside move from a consolidation range.
  • Mr. Rager sees Bitcoin repeating the same bullish action as it trades inside a similar sideways pattern.

Bitcoin is at the cusp of hitting $12,000 in the coming sessions, according to an inter-coin fractal shared by Josh Rager.

The market analyst noted that Bitcoin is almost mirroring the recent price moves of Ethereum, the second-largest cryptocurrency by market cap. Earlier yesterday, the ETH/USD exchange rate broke out of its consolidation range.

Ethereum breaks upward ...

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