Market Update: The price of Bitcoin has surged 10% in the past 24 hours, breaking above the $12,000 mark. This sudden increase is likely due to the increasing institutional interest and improved fundamentals. Holders may be taking profits, but there's still room for growth as we approach the all-time high. Keep an eye on the daily RSI, which is currently overbought.

The RSI reading is indeed concerning, but a slight pullback could create a buying opportunity. It'll be interesting to see if Bitcoin can maintain its momentum and push towards the all-time high.