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

There are Now Two Countries Where Bitcoin is Legal Tender

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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