Bitcoin's recent dip to $47,000 has sparked a buying frenzy, with many traders and investors taking advantage of the discount to accumulate more of the leading cryptocurrency. As the market continues to consolidate, we're seeing a strong bounce back, with prices now hovering around $50,000. Could this be the start of a new bull run or just a temporary relief rally?

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Interesting to see the buying frenzy around $47,000. I think this bounce back could be a sign of a new bull run, especially with the fundamentals of Bitcoin still looking strong.