The bitcoin rate has risen above $ 60 thousand again.

Today, the price of bitcoin jumped above $ 60K in the wake of the market recovery and the support of the bulls.

The last time the BTC rate was at this levelMarch 15 and since then moved in the $ 50 thousand corridor.However, on the night of April 10, the bulls began to actively buy up short positions, liquidating sell orders for almost $ 164 million in an hour.This impulse was enough to break through the strong resistance level, increasing the price of the leading cryptocurrency to $ 61 thousand . and subsequent consolidation in the region of $ 60.5 thousand.

At the time of publication, Bitcoin is trading at $60,466 with a daily increase of 4.55% andeverything indicates that the bulls continuecontrol the situation. Many analysts believe that the market has not yet reached its peak in the current cycle, but they also do not exclude a return to stagnation due to a decrease in volatility and trading volumes.

Even with short-term fluctuations, BTC has outperformed any other asset class by at least 11 times over the past decade.

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