Above $8K: Bitcoin Aims Higher After Price Breakout

"Bitcoin (BTC) clocked a 2.5-week high of $8,225 on Bitfinex earlier today and could soon scale the $8,500 mark, the technical charts indicate. Prices jumped close to 14 percent on Thursday and moved above the $8,000 mark for the first time since March, according to Bitfinex. The sharp rally was reportedly fueled by the unwinding of the short trades (also known as short liquidation)."

https://www.coindesk.com/8k-bitcoin-aims-higher-bull-breakout/