Market Update: As Bitcoin approaches its all-time high, traders are on edge. We're seeing a surge in volatility, with altcoins showing signs of life. Our analysis suggests a breakout above $12,000 could trigger a wave of FOMO, pushing prices even higher. But beware, a rejection at this level could send us back to the sidelines. Stay cautious and adjust your positions accordingly.

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Cautious optimism is warranted here. A breakout above $12,000 could lead to a significant price increase, but it's essential to be prepared for a potential rejection and adjust positions accordingly.