#USChinaTensions #BTCRebound Bitcoin Surpasses $87K, Breaks Out of Accumulation Channel as Bullish Momentum Increases

Bitcoin (BTC) has regained bullish momentum, skyrocketing to $87,400 and marking its highest price since March 28, according to TradingView. The recent upward movement has solidly positioned Bitcoin at the top of its trading channel, triggering breakout signals as it outperforms broader markets, including technology futures. The price surge, which began after Bitcoin dropped below $75,000 on April 9, has now increased by over 16% in less than two weeks. BTC has also risen more than $3,000 from the daily low of $84,000 on April 20. This increase has narrowed the gap from its all-time high to just 20%, fostering optimism among traders and analysts.