Crypto price prediction: BTC shows positive strength, whole market following the leader

 Bitcoin's price prediction:

Cryptocurrency market has seen a boost in the last 24 hours, growing by 2% and reaching a total value of $2.75 trillion. This is the highest level in over three weeks. The market had been moving sideways for a while, but now it looks like it might be starting a new upward trend.Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) have all gone up more than 2%. These well-known coins are getting most of the attention as investors look for signs of strong growth. 

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Bitcoin made a big move on Monday, climbing to $87,500. This is close to the high it reached at the end of March. For the past week and a half, Bitcoin had been stuck near its 50-day moving average, which acts like a support level. Now, it has bounced back, showing strength.

If Bitcoin can finish above the $88,000 mark, it would be a strong sign that the downward trend might be over. This would also put it back above its 200-day moving average, which many traders see as an important level for long-term growth.

The technical indicators RSI and MACD are showing bullish trend. RSI right now at 57 above the neutral level, which means buyers are now at the market controle. On the other hand MACD have shown early bullish crossover and huge buying pressure over all the market.

To invalidate the bearish outlook BTC must need to stand over $88,000 mark. If it will fail to hold that position then the price will make reverse towards to the support level $78000.

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A strong rise from current prices could send a positive signal to the rest of the crypto market. Bitcoin often leads the way when prices start moving up across the board. If it continues to rise, it could give other coins the push they need to follow.