Bitcoin's recent break above $12,000 has sparked renewed optimism in the market. As the first cryptocurrency, it's often seen as a bellwether for the entire space. If it can sustain above this level, we could see a wave of capitulation buying from investors who missed out on the rally. A potential break above $13,000 could even trigger a new bull run.

Sustaining above $12,000 would be a crucial test of Bitcoin's strength. If it can hold, we might see a wave of buying from investors who missed out, potentially triggering a new bull run.