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A Crypto Enthusiast Predicted a Bitcoin Bull Run in the Coming Months

Bitcoin Defies Macro Environment to Surge Above $20,000

Leading crypto enthusiast Crypto Rover tweeted his price prediction for Bitcoin and said it would move significantly within 3 months. He predicts the bull run of 2022 to start soon in Bitcoin.

Bitcoin Price Analysis

Bitcoin was last stranded below $40,000 in early March when President Joe Biden announced a comprehensive executive order on cryptocurrencies, and it skyrocketed in price by 10%.

The executive order signed by Vice President Joe Biden mandated that federal agencies devise a strategy for regulating cryptocurrencies and examine the possibility of issuing a digital currency issued by the federal reserve.

It was the White House’s first tangible move toward regulating cryptocurrencies. Bitcoin almost topped $48,000 in the first few days of January, the year’s high. So far, it has managed to stay above the $34,000 low set in late January, which was the lowest point in the previous six months.

Since its all-time high of $68,000 on Nov. 10, Bitcoin has lost 40% of its value. When compared to its modest origins and a value of less than $10,000 as recently as July 2020, Bitcoin’s new highs in 2021 and present pricing are nonetheless outstanding feats. In November, Ethereum, the second most popular cryptocurrency, hit a new all-time high when it crossed the $4,800 mark.

So far this week, Bitcoin’s price has hovered between $39,000 and $45,000.

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