This could be the bull cycle we have all been waiting for

Bitcoin price jumped to $73,500 during U.S. trading on Tuesday, just below its all-time high. The record of $73,798 was set on March 14. This surge shows signs of a bull market, with several indicators suggesting Bitcoin could reach new highs.

First, Bitcoin has officially broken out of a seven-month downtrend. Its recent strong performance above the $68,000 mark has encouraged traders to pursue higher targets, with some eyeing ranges between $85,000 and $160,000, as noted by veteran trader.

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