Bitcoin (BTC) is experiencing upward momentum as it surpasses the 50-day simple moving average (SMA), supporting the case for a potential rally towards $120,000. However, concerns about 'bull fatigue' arise as BTC nears $115,000, a level where previous bullish momentum showed signs of weakness. In the macroeconomic environment, the dollar index appears stable amid expectations of Federal Reserve rate cuts, which some believe have already been priced in. This stability in the dollar could limit gains for dollar-denominated assets like BTC. Additionally, speculation around a decline in the 10-year Treasury yield suggests a generational bullish shift that could restrict significant downward movement, impacting investor perceptions and risk-taking behavior in the financial markets.

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