Following a period of consolidation, Bitcoin (BTC) has staged a recovery, breaking above the $61,000 mark. According to data from Cryptonewsterminal, BTC is currently trading at $61,005.55 on the Binance USDT market. This move higher comes after a period of sideways trading, with BTC finding support around the $60,000 level. The breakout above $61,000 suggests that buyers are regaining control of the market, and that further gains could be on the horizon. News of the BTC recovery has been met with optimism in the cryptocurrency community. Many analysts believe that this is a sign that the ongoing bull market is still intact, and that BTC could continue to make new all-time highs in the coming months.