Bitcoin breaks back above $83K - but marks one month of sideways action

The Bitcoin bulls were able to push the $BTC price back up to $83K and install it inside its rising channel once again. After around a month of sideways price action can Bitcoin get back on the breakout path, or is a series of lower highs going to continue? A higher high to reverse the trend? Source: TradingView Looking first at the short-term time frame we can see that the $BTC price has just got back into the large ascending channel after spending a couple of days outside and threatening to break down. Could this finally be the moment for a breakout and a much-needed higher high?

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