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Cryptocurrency

Bitcoin can actually reach $52000 in the coming weeks

Bitcoin has been the subject of many news stories because it has become more valuable. On Monday, you could see the price of bitcoin at $51,729.03. Because this thing has been worth more in the last 24 hours, its value has gone up 3.40 percent. For the last 24 hours, the currency has been going in the right direction, which is good. 

Over the week, some people say using ekrona, the top digital coin has also been going up in price. In the last seven days, Bitcoin has gone up 6.58 percent, which means it has gained $6,583. This is how it looks in the last seven days. Things like this make it worth $972,63 billion, so it’s worth much money.

 CoinMarketCap.com has also found that the cryptocurrency has a market share of 41.63 percent, which is about the same as a quarter. 0.29% more than the day before. To get over $51,000, it took a long time for bitcoin. It now has to break through another one of $55,000 to get over that one. Because so many people are buying and selling the asset, this has helped it rise in value. 

There was a time when Cardano was worth $2.89. This means that, in terms of value, it was the third most valuable cryptocurrency on the market. All day, it was trading in the green. It lost no money on the day, and it was up for most of the day. This week, the value of the coin changed a lot. It went from 1% to 1%. Binance Coin used to be third on the list, but it has recently dropped to fourth because of a drop in the price.

As of right now, there are 2.39 percent more currencies in the world than there were at the end of the previous day. This means that there are now 2.34 trillion currencies in the world. 

You can get to $52,000 with Bitcoin (BTC). 

At the beginning of April, the value of Bitcoin began to show signs that it was going down. The value of the coin went down because it couldn’t cross its 200-day simple moving average (SMA), which was $48,000. On this third day in a row, the value of Bitcoin has gone down, making it less valuable.

We have a lot of reasons to be optimistic even though things aren’t going well right now. A first step: Bitcoin has kept its position above two major support zones, $42,000 and $45,000, that have already been tested. 

Since the chances of a bad outcome are still very low, Bitcoin has also crossed over between its 50-day simple moving average and its 100-day simple moving average, but that’s not the only good news (SMAs). Bullish forces are aligned, which could help BTC rise.

A big demand zone will form over $46,000 at some point, where the breakout will take place. Eventually, as soon as the next few days go by, many people are expected to buy Bitcoin. The cryptocurrency is also likely to break through the 200-day simple moving average and reach $52,000.

Conclusion

People should buy now. As long as BTC is above a lot of solid support, it isn’t likely to go down anymore. People should start stockpiling bitcoin now because it has a lot of room to grow and become more valuable.

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