Bitcoin's price is struggling to break through the $12,000 barrier, but a closer look at the chart reveals a bullish trend forming. The Relative Strength Index (RSI) is showing a strong uptrend, indicating that the cryptocurrency is oversold and due for a reversal. A potential breakout above $12,000 could send Bitcoin soaring towards $14,000 or higher.

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The RSI trend is a great sign, but we need to see a decisive close above $12,000 to confirm a potential breakout.