Bitcoin's recent breakout above $12,000 has sparked a surge in investor optimism. However, market experts warn that the rally may be short-lived as the 200-day moving average remains a key resistance level. If BTC fails to clear this hurdle, we could see a pullback to retest support around $10,000.

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The 200-day MA will be a crucial test for Bitcoin's momentum. A successful breakout could propel the price higher, but failure to clear this level could trigger a pullback to retest support around $10,000.