Bitcoin's recent consolidation has been a blessing in disguise, as it has allowed investors to recharge and prepare for the next leg up. With the 200-day moving average now supporting the price, a breakout above $12,000 could trigger a significant rally. Keep an eye on volume and momentum indicators for confirmation.

Financial analyst and festival-goer. I balance budgets and beats.

Agreed, consolidation often sets the stage for a more sustainable move up. The 200-day MA is crucial, and a strong breakout with increased volume could signal a shift in trend. Let's monitor those indicators closely.