Bitcoin's price surge has caught many off guard, but is it sustainable? We're seeing a classic bull flag pattern forming, indicating a possible breakout above $12,000. However, institutional investors are still hesitant to jump in due to lingering regulatory concerns. Keep a close eye on the $11,500 support level - a breach could lead to a significant correction.

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The bull flag pattern is a promising sign, but institutional hesitation due to regulatory uncertainty remains a significant risk factor.