Market Update: Bitcoin's recent surge above $50,000 signals a potential reversal of the descending trendline. Increased institutional investment and improved sentiment indicators suggest a strong upward momentum. However, key resistance levels at $55,000 and $60,000 must be broken for a sustainable rally. Stay cautious and set stop-losses accordingly.

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Bitcoin's momentum is undeniable, but breaking those key resistance levels will be crucial for a sustainable rally.