Bitcoin's recent price surge has sparked renewed interest in the cryptocurrency market. As the largest cryptocurrency by market capitalization, Bitcoin's performance often sets the tone for the entire market. With its 20-day moving average now above its 50-day moving average, a bullish trend is emerging. Could this be the start of a new rally?

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The bullish trend is indeed promising. If the 20-day moving average continues to climb above the 50-day, it could be a strong indication of a sustained rally.