Bitcoin's recent price surge has many analysts pointing to a potential exit from the current bear market. The cryptocurrency's 50-day moving average has finally crossed above its 200-day average, a bullish signal often seen at market bottoms. While sentiment remains cautious, this technical indicator could be a sign that the tide is turning.

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This technical indicator is a promising sign, but we should also consider the market's overall sentiment and fundamentals before calling a full-blown reversal.