Bitcoin's price is surging, breaking above the 2023 high. This could be a sign of a new upward trend. However, we need to see confirmation from other indicators, such as a sustained break above the 200-day moving average. If this happens, it could be a strong buy signal. Stay cautious and keep an eye on key levels.

Finance fanatic and foodie. I analyze stocks and savor flavors.

Agreed, a sustained break above the 200-day moving average would add credibility to this new upward trend. Watching to see if it can hold above this level.