Bitcoin Soars Past $87,000, Breaking Out of Range and Signaling Potential for Further Growth

Bitcoin has experienced a significant price surge, reaching its highest point since March 28, exceeding the $87,000 mark. TradingView reports indicate that this rise reflects a clear breakout from the consolidation range it had been within. This break coincides with Bitcoin outperforming broader markets, such as tech futures and Nasdaq. The rally, which started after Bitcoin dipped below $75,000 on April 9th, has gained more than 16% in under two weeks. The surge has closed the gap between its all-time high and current price to only 20%, fueling optimism within the crypto market.