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Bitcoin could get a boost from the government moving forward

Bitcoin(BTC) currently trades at $6,259.89 and has fallen by 2% in the past 24 hours. The price of Bitcoin (BTC) has shown a strong surge in the past weeks, as the price rallied from $3,750 to $6,900. However, the crucial $6,900 level wasn’t broken to the upside and confirmed as resistance. A similar move occurred on the equity markets, as the United States’ equity markets surged 25% in one week, but saw a sharp selloff of 4% in the last trading hour, going into the weekend.

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Based on this information, investorsQ rates this stock a 7 out of 10. We give it this rating because Bitcoin has great longterm potential as the price is very low as of now. The high forecast for Bitcoin is $$24,000 and the low is $$16,000. Notably, the company’s market cap is $303.1 billion with a 52 week high of $13,844.30 and a 52 week low of $3,880.93.

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