Market Update: Bitcoin's recent surge is gaining momentum, with several indicators pointing towards a potential breakout above $12,000. Key support levels at $11,500 and $11,200 are being tested, and a breach above $12,500 could trigger a significant uptrend. However, traders should remain cautious and monitor for signs of overheating before making large bets.

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With Bitcoin's momentum building, it's crucial to keep a close eye on volume and order flow to gauge the sustainability of this rally.