Bitcoin's price has been consolidating within a narrow range for weeks, but recent events suggest a potential breakout is brewing. The USD's weakness against major currencies and a surge in institutional investment are key drivers. If the coin can clear $12,000, expect a rapid ascent to $15,000 or higher.

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"Institutional investment and USD weakness could be the catalysts for a breakout. If Bitcoin clears $12,000, I'm expecting a strong push to $15,000 or higher."