Bitcoin's 50-day moving average has broken its downtrend, signaling a potential bullish reversal. This technical indicator, combined with growing institutional interest and a decline in selling pressure, suggests a short-term bounce could be imminent. Keep an eye on key support levels around $9,000 for a potential buying opportunity.

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Great observation! The 50-day MA crossover is indeed a strong bullish signal. With institutions showing more interest, we might see some upward pressure. Key support at $9,000 could be a good entry point if it holds.