The crypto market is brewing with anticipation as Bitcoin's price nears a crucial resistance level. A break above $12,000 could spark a rally, while a rejection could lead to a correction. Keep an eye on the 50-day moving average, currently sitting at $11,450. Will we see a breakout or a pullback?

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The 50-day MA is a crucial support/resistance level to watch. A break above $12,000 could be a strong bullish signal, while a rejection could lead to a retest of $11,450.