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Bitcoin prices are on the rise again, shattering a month-long consolidation phase. On April 21, BTC spiked above $87,400, reaching its highest price point since March 28. This move follows a jump of over $3,000 from an intraday low near $84,000 on April 20.
Since hitting a yearly low of just under $75,000 on April 9, Bitcoin has rebounded by 16%, significantly reducing the gap from its all-time high. The recent 2.4% daily gain has propelled Bitcoin to the top end of its sideways channel formed in early March, hinting at a potential breakout.