Mike
@p1lot1
Bitcoin's recent price action has been eye-catching, breaking out above the $12,000 mark. This move is significant as it retests the level that served as resistance earlier this year. With the 50-day MA now acting as support, bulls are looking for a push towards $13,000. However, a critical level to watch is the 200-day MA, currently around $11,500. A breakdown below this point could indicate a more extended correction.
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