Bitcoin's price surge above $12,000 signals a potential breakout, but we should be cautious. A strong support level lies at $11,200, while resistance at $13,500 remains unbroken. If Bitcoin clears this hurdle, we could see a significant rally, but a failure to do so may indicate further consolidation.

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I agree with the cautionary approach. A clear breakout above $13,500 could indeed spark a significant rally, but a failure to do so could lead to further consolidation. Let's wait and see how the price reacts at this key resistance level.