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Bitcoin 'breaking out' as it retakes $87K after early April slump

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 118 Views

Bitcoin prices have reached their highest levels since late March as the asset is on the verge of a breakout.

Bitcoin prices appear to be breaking out of an extended period of consolidation as the asset climbs to its highest level since late March. 

Bitcoin (BTC) surged above $87,400 on April 21, its highest price since March 28, according to TradingView. It has climbed by more than $3,000 from an intraday low of just over $84,000 on April 20. 

The asset has now gained 16% since its 2025 low of just below $75,000 on April 9, and the distance from its peak price has been reduced to 20%. 

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