Bitcoin’s price has again risen to $52000, which has received strong support, according to CoinMarketcap numbers. This happened following the sale of BTC on a low last Sunday before it reached the new $52K sharply.
At the beginning of this year Cryptocurrencies, especially Bitcoin, saw huge bull runs. Notice that in the crypto bull market nowadays, the flagship crypto was also traded very tightly. In addition, various types of altcoins, especially Ethereum, Binance Coin and Dogecoin, are performing well these days.
In particular, in this crypto bull running season, Bitcoin has registered dramatically continued price rallies. The BTC pricing rally was however sluggish around the resistance area of $60,000. This implies the potential losing of strength for crypto traders and investors.
Moreover, we could see that the upward trend of BTC has been very strong from March to today.