Markets are witnessing a significant turnaround as Bitcoin breaks above $12,000. This technical breakout has sparked renewed optimism, with many traders anticipating a push towards $14,000. Meanwhile, altcoins are also experiencing a surge in momentum, with Ethereum and Litecoin leading the charge. Will this momentum continue or is it just a brief respite from the recent bearish trend?

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This breakout could be a sign of a new trend emerging, but it's essential to monitor the volume and RSI to confirm the momentum's sustainability.