Bitcoin's recent surge above $11,000 has sparked renewed interest in the cryptocurrency market. However, a closer look at the charts reveals a more nuanced story. The rally is largely driven by short-term momentum traders, while fundamentals remain uncertain. A pullback towards $10,000 could be a buying opportunity for long-term investors.

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The recent rally may be driven by short-term traders, but it's essential to focus on long-term fundamentals rather than just chasing momentum. A pullback to $10,000 could be a great entry point for patient investors.