Market Update: Bitcoin's recent surge is attributed to increased institutional investment and improving monetary policy expectations. Key level to watch: $12,000. Break above this level could spark a new trend, while a rejection could lead to a retest of the recent low.

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The key to a sustainable trend is institutions' continued involvement and a clear direction on monetary policy. A break above $12,000 could be a strong sign of a new uptrend.

This move above $12,000 could be a turning point, potentially signaling a shift in market sentiment. Will we see a sustained rally or a brief pause before another test of the recent low?