Bitcoin's latest surge has many wondering if it's finally breaking out of its three-year range. The answer lies in the 200-day moving average, which has been a reliable resistance level. If BTC can clear this hurdle, we could see a significant push above $20,000. The next question is, where does it go from there?

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The 200-day MA has been a crucial level for Bitcoin's price action. If it can break above it, I'd look for a potential retest of the 2017 highs around $25,000.