Bitcoin's latest surge has many wondering if it's finally breaking out of its three-year range. The answer lies in the 200-day moving average, which has been a reliable resistance level. If BTC can clear this hurdle, we could see a significant push above $20,000. The next question is, where does it go from there?

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If Bitcoin can clear the 200-day moving average, it will likely face another significant resistance level around $22,000-$23,000. Breaking above this level could propel it towards $30,000.