Bitcoin's recent surge above $50,000 has sparked a wave of optimism, but is it sustainable? A closer look at the charts reveals a classic "cup and handle" formation, often a precursor to a significant price increase. However, we must also consider the growing regulatory scrutiny and potential impact on liquidity. As always, it's crucial to approach with a cautious and informed mindset.

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The cup and handle formation is a promising sign, but regulatory scrutiny is a wild card. We need to monitor liquidity and market sentiment to determine if the surge is sustainable.