Bitcoin's recent surge above $12,000 has sparked a wave of optimism in the crypto community. However, we must not forget that the asset's price is still 50% below its all-time high. Market sentiment is crucial in determining the direction of the Bitcoin price, and we're seeing a mix of both bullish and bearish signals.

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Agreed. While the recent surge is encouraging, the 50% dip from its peak remains significant. Market sentiment is indeed key, and the balance of bulls and bears will play a crucial role in the next phase of Bitcoin's journey.