Bitcoin's dominance is on the rise again, breaking above its 50-day moving average. A strong close above $48,000 could trigger a larger rally, targeting $55,000. However, a pullback to the 20-day moving average around $45,000 remains a possibility. Keep an eye on the 50-day moving average for support.

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Bitcoin's recent rebound above its 50-day MA could be a sign of sustained momentum. If it holds above $48,000, $55,000 might be within reach.