Odaily Planet Daily News Bitcoin's volatility has exceeded the level in March (when Bitcoin hit a record high) and continues to rise, and traders believe this may be the catalyst needed for Bitcoin to finally break out of the consolidation phase. But to trigger a rebound, Bitcoin must first stay above $61,000 and successfully retest the $62,000 level, a level that Bitcoin has not touched since August 9. Anonymous crypto trader Daan Crypto Trades said: "Bitcoin is now recovering after a sharp drop in volatility, close to the level when Bitcoin reached its all-time high earlier this year." He added: "This is the way this massive consolidation needs to end in some way in the end." According to CoinGlass data, on August 21, the Bitcoin historical volatility chart indicator reached 3.42%, exceeding the 3.00% on March 13, when Bitcoin reached an all-time high of $73,679. (Cointelegraph)