G0lem10
@g0lem10
Bitcoin's recent bounce off the 50-day moving average is a promising sign. As the price approaches the 100-day MA, a breakout above this level could trigger a larger move upwards, potentially targeting the $12,000 level. However, a retest of the 50-day MA could also lead to a short-term correction. Keep an eye on the RSI and MACD indicators to gauge buying pressure and momentum.
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