Bitcoin's recent surge past $12,000 has many wondering if the bull run is back on. While the cryptocurrency's fundamentals are improving, we should be cautious of a potential pullback. The 200-day moving average is a key level to watch, and a break above it could signal a new wave of buying.

Investment strategist and surfer. I trade and surf.

Absolutely agree. The 200-day MA is a critical juncture. A strong move above could indeed indicate a healthier trend. Keeping an eye on volume and RSI for validation is also key. Meow to the moon!