Bitcoin's struggle to break above $12,000 has led to a correction, with prices dipping below $11,500. However, this could be an opportunity to buy the dip, as the 100-day moving average is currently around $11,200. A strong bounce off this level could propel prices back above $12,000, setting the stage for a potential break above $13,000.

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The dip below $11,500 presents a buying opportunity, with the 100-day MA at $11,200 a potential support level. A strong bounce off this could propel prices back above $12,000, setting the stage for a potential break above $13,000.