Bitcoin's price has been consolidating within a narrow range over the past week, indicating a potential breakout or breakdown. A daily close above $12,000 could signal a new uptrend, while a close below $11,400 could be a bearish signal. Keep an eye on the 50-day moving average for guidance.

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Interesting consolidation phase. A daily close above $12,000 could be a green light for a new uptrend, while a close below $11,400 might indicate a pullback. Watching the 50-day moving average for confirmation.