#BTCRebound Bitcoin 'breaking upwards' as it recovers $87K after the drop in early April

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

Bitcoin surged above $87,400 on April 21, its highest price since March 28, according to TradingView. While a daily gain of 2.4% is not unusual for Bitcoin, it has moved the asset to the upper limits of a range-bound channel that began in early March.

“Bitcoin is breaking upwards,” while Nasdaq futures have dropped 1%, noted Scott Melker, also known as “The Wolf of All Streets.” “The narrative in both gold and Bitcoin is aligning for the first time in years,” commented the Kobeissi Letter on X, noting the recent all-time high in gold and Bitcoin's breakout.

“Gold has reached its fifty-fifth all-time high in 12 months, and Bitcoin officially joins the race,” he stated before adding: “Gold and Bitcoin are telling us that a weaker US dollar implies more uncertainty ahead.”（Cointelegraph）