Bitcoin price today broke out of its long consolidation phase between $58K- $60K to register a new monthly high of $61,276. The price has retraced back to $60,300 at the time of writing as funding rates have started to skyrocket.
Bitcoin price has been in the consolidation phase ever since reaching its new ATH of $61,683 on March 17 and has been the case this bull season, the top cryptocurrency is trying to retest its previous ATH after 4 weeks of consolidation.
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