Was the Bitcoin Jump a 'Fake Breakout'?

Bitcoin posted its fifth best daily return for the year on Tuesday, gaining 5.7% for the day. But analysts are weighing whether the spike is the start of a prolonged breakout. They note investors’ concerns about macroeconomic uncertainties, including the U.S. central bank’s upcoming decision on interest rates, that are keeping markets unsettled. “On December 3, the crypto market saw broad gains as BTC briefly broke above $93,000 before swiftly giving back its advance—a structure that resembles a potentia ...