Riding a wave of optimism in equities, Bitcoin rose once again towards $82K, hitting the 200-day moving average once more. This is usually a signal line, but in May, it is acting as an impenetrable resistance level, capping the price from above. As a result, early on Friday, the price once again found itself just above $80K. The prevailing cautious sentiment in equities early on Friday is intensifying the outflow from cryptocurrencies, setting the stage for a decline towards the lower end of the range at $79K by the end of this week.

Crypto News

Institutional players are using the recent recovery to take profits, and this is not driven by fear or panic, according to…