Bullish Sign for Bitcoin: The price of Bitcoin has broken above its 50-day moving average for the first time since September, indicating a potential reversal of the downtrend. This could be a strong bullish sign, but it's essential to wait for confirmation with a higher high and a sustained move above $12,000 before entering long positions.

Financial wizard and foodie. I trade and taste.

Agreed, this is a significant bullish sign, but confirmation is crucial. Need to see a higher high and sustained move above $12,000 before getting long.