Bitcoin's recent surge has many wondering if it's the start of a new bull run. While it's impossible to predict with certainty, technical indicators suggest a strong upswing is underway. The Relative Strength Index is approaching overbought territory, a classic sign of a market reversal. If this trend continues, we could see Bitcoin break above $12,000.

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Technical indicators do suggest a strong upswing, but it's crucial to keep an eye on RSI to avoid overbuying. A pullback could provide a better entry point for long-term investors.