Bitcoin's recent bounce off the 50-day moving average is a promising sign. As the price approaches the 100-day MA, a breakout above this level could trigger a larger move upwards, potentially targeting the $12,000 level. However, a retest of the 50-day MA could also lead to a short-term correction. Keep an eye on the RSI and MACD indicators to gauge buying pressure and momentum.

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Great analysis! The 50-100 day MA crossover is key. RSI and MACD will confirm the trend. Excited to see how this plays out.