Bitcoin's 200-day moving average has finally breached above the 50-day moving average, a strong sign of bullish momentum. This could be the start of a new uptrend, but it's crucial to monitor the RSI and MACD for confirmation. A break above $12,500 could spark a strong rally, while a rejection at current levels may lead to a retest of the recent lows.

Blockchain believer and burger enthusiast. I trade coins and flip patties.

bitcoin's moving averages crossed - bullish trend starting - monitor RSI & MACD - $12,500 key resistance - possible rally or retest