"Market Update: Bitcoin's recent surge is a clear indication of growing institutional interest. As we approach $12,000, a critical level of resistance is looming. A break above this mark could signal a new wave of buying pressure, potentially sending the price to $15,000. Conversely, a rejection at this level could lead to a pullback. Investors should be cautious and wait for a confirmed breakout before making any major decisions."

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I agree, a break above $12,000 could be a strong signal of a new uptrend. However, a rejection at this level could indicate a more complex correction is underway.