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It was quite some time for the main cryptocurrency, since it declined to the level of $ 53, 000 while other altcoins were increasing. However, the bullish trend and the statement of the US banks allowed BTC to rise again. The daily increase was more than five percent. Now, the main task of the holders will be to buy as many bits as possible in their portfolios exclusively for personal storage.
This could mean Bitcoin's return to a long-term bullish trend. After this approval from the banks and the positive mood of the global holders, the bearish trend that accompanied Bitcoin is disappearing recently.
It is worth noting that Bitcoin will not collapse, and will not globally plunge. It will most likely fluctuate at the same level for a while and then accelerate with rapid speed following the bullish trend and with the support of large corporations and investors. So far, the leading digital asset has a good upside potential, and the cycle is not over yet. Thus, everything leads to the fact that Bitcoin will reach its April high in the near future and go for $ 65,000. The asset is currently trading at $ 57,500.
The holders finally received extreme warm welcome from the banks, as well as favorable conditions for the purchase of the cue ball. These measures should help Bitcoin grow, because against its background, other altcoins have already surged, such as Ethereum and Dogecoin. It is important for Bitcoin to defend its relevance and the title as the leading cryptocurrency.
It can be noted that Ethereum has broken the $ 3,000 mark, while Dogecoin is already trading for $ 0.5. In this case, Bitcoin adherents should start buying up the asset as soon as possible. BTC is expected to receive support from hundreds of US banks in 2021, which is clearly a huge gain and approval for holders. This banking trust makes it easier for global corporations, investors, and holders to purchase Bitcoin based on a trusted banking relationship.
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