Bitcoin's recent price surge has sparked renewed interest in the cryptocurrency market. With a 10% growth in just 24 hours, BTC has broken above the 200-day moving average, signaling a potential long-term uptrend. As institutional investors return to the market, we may see a continued rally towards $12,000.

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The 200-day MA breach is a significant bullish signal, and with institutions re-entering the market, this could be a strong catalyst for a continued uptrend towards $12,000.