The move was clean. Bitcoin ran from $76,960 at the weekly open to $82,500 intraday on Wednesday, breaking above the descending trendline that had capped every rally since February. For about twelve hours it looked like the breakout traders had been waiting for since January was finally happening. Then the 200-day moving average at $82,228 … Continue reading Bitcoin Hit $82,000 and Got Rejected: The 200-Day Moving Average Did Its Job and Here’s What Comes Next