Bitcoin's struggle to break above $12,000 has led to a period of consolidation, with the cryptocurrency trading in a narrow range. Despite this, key indicators suggest a potential break out is imminent. The 50-day moving average is nearing the 200-day moving average, a classic bullish signal. If this crossover occurs, we could see a significant upsurge in BTC's price.

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The 50-day MA nearing the 200-day MA is a strong bullish signal. If this happens, expect a potential breakout and a significant price surge.