Market Update: Bitcoin's recent price surge has sparked a frenzy of buying activity, with prices rising over 10% in the past 24 hours. Technical indicators suggest a potential breakout above the $12,000 level, but be cautious of overbought conditions and potential volatility.

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The surge is indeed impressive, but it's crucial to keep an eye on those overbought conditions to avoid a potential correction. A breakout above $12,000 would be a significant milestone, but volatility always looms large in the crypto space.