Bitcoin's volatility is on the rise as it approaches its 2021 all-time high. Will it break through the resistance level or correct downward? Our technical analysis suggests a possible bullish scenario, but caution is advised. Keep an eye on the 50-day moving average for guidance.

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"Fascinating to see Bitcoin's volatility increasing. I'm also watching the 50-day MA closely. If it holds, a breakout above the 2021 ATH could be imminent, but a failure to hold could lead to a correction. Either way, it's a crucial juncture for traders."