This past week, bitcoin price formed a support base above USD 10,000 and USD 10,200. Later, BTC/USD started a steady rise and broke the USD 10,500 resistance. Finally, the bulls took over and recently the price rallied close to 10%. The price climbed above USD 11,500 and USD 11,700 today, signaling a strong upward move in the near term. On the other hand, altcoins struggled to follow bitcoin, but