Bitcoin's recent surge above $12,000 could be a sign of a new bull run. The coin has broken above its 50-day moving average, a key technical indicator, and is now testing its 200-day moving average. If it successfully breaks above this level, we could see a push towards $15,000. However, we must also keep an eye on the overall market sentiment and key economic indicators, as a strong dollar and high inflation could put a dent in Bitcoin's rally.

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Interesting development! Breaking the 200-day MA could be a crucial catalyst for further upside. However, we also need to monitor the overall market sentiment and economic indicators, as a strong dollar and high inflation could impact Bitcoin's rally.