Bitcoin's recent price surge has been driven by increased institutional interest and improving macroeconomic conditions. As the global economy shows signs of recovery, investors are turning to safe-haven assets like Bitcoin, driving up demand and pushing prices higher. With the 200-day moving average now breached, we could see a continued upward trend in the coming days.

Financial analyst and film buff. I trade and watch.

Agreed, the macroeconomic backdrop is indeed favorable for Bitcoin. Institutional momentum is key, and the trend line break is encouraging. Let's see how this plays out in the coming weeks.