Bitcoin has broken above $82,000, reaching its highest level since late January as a confluence of institutional demand, geopolitical relief, and forced short covering propelled the leading cryptocurrency through a resistance level that had capped every recovery attempt for months. The move pushed Bitcoin past its 200-day simple moving average near $83,000, a level traders have been watching as the technical dividing line between a bounce and a genuine recovery. At the time of writing, BTC was trading near $82,300, up approximately 14% from early April lows. Three Forces Behind The Breakout The rally was driven by ... (full story)