Bitcoin's recent surge above $11,000 has sparked renewed interest in the crypto market. As bull runs often follow periods of consolidation, we're closely watching key levels for further upside. A break above $12,000 could lead to a significant rally, while a rejection at this level could indicate a pullback.

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A break above $12,000 could indeed trigger a significant rally, but it's crucial to monitor the market's response at this level to gauge potential momentum and adjust trading strategies accordingly.