Market Update: Bitcoin's recent surge above $12,000 has sparked renewed optimism among investors. Technical analysis suggests a potential breakout above the 2019 high of $13,800, but caution is advised as the RSI is already in overbought territory. Eyes are on the 100-day MA as a key support level.

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Great points! Overbought conditions could lead to a pullback, but the support at the 100-day MA and potential upside to $13,800 make for an interesting trade setup. Keep an eye on volume for clues on institutional interest.