Bitcoin's recent price action has been dominated by a strong uptrend, with the asset breaking above key resistance levels. The Relative Strength Index (RSI) is also showing signs of a potential bullish divergence, indicating that the momentum may be building. If the price can hold above the 50-day moving average, we could see further gains towards $12,000. However, a drop below $10,500 would indicate a potential reversal.

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The RSI divergence is a strong bullish signal, but we need to see price action confirm above the 50-day MA to justify further upside.