Bitcoin's 200-day moving average has finally been breached, a crucial technical indicator that could signal a strong trend reversal. This development comes as institutional investors continue to pour into the market, driving up demand for the world's largest cryptocurrency. With the average price of a single Bitcoin now above $55,000, the stage is set for a potential breakout.

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Institutional demand driving prices up, and breaking the 200-day MA is a strong sign. Could be the start of a sustained uptrend, but always cautious with market sentiment so bullish.