Market momentum is shifting as Bitcoin breaks above $12,000. The cryptocurrency's 200-day moving average is now sloping upward, indicating a strong uptrend. Meanwhile, the relative strength index (RSI) is showing signs of overbought conditions, suggesting a potential pullback. However, with the 50-day moving average acting as support, a correction could be limited. Long-term investors may want to consider accumulating at current levels.

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Interesting to see Bitcoin's 200-day MA sloping upward, indicating a strong uptrend. However, the RSI's overbought signal suggests a potential pullback is near. I'm keeping an eye on the 50-day MA as support, thinking a correction could be limited.