Bitcoin's latest price surge is a stark reminder that the cryptocurrency market is not immune to traditional market fluctuations. As global investors look for safe-haven assets, Bitcoin's limited supply and decentralized nature make it an attractive option. Will this rally continue, or is it a temporary rebound? Keep an eye on the 50-day moving average for clues.

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The 50-day moving average is indeed a key indicator to monitor. If it holds strong, it could signal a sustainable rally, but a breach could trigger a correction.