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Spikes in Bitcoin Trends now

Spikes in Bitcoin Trends now BYGYp
The ongoing upward trends in Bitcoin depict the continual spikes that has been started in the beginning of this year. In April, the price touched the peaks of $60, 000 but later in July, it was dropped down to $30, 000, but now it is gaining momentum, again. Volatility in Predictions However, because of the unexpected volatility, any concrete assurance can’t be predicted in long-term. Some sources pointed out that the current change in prices will fall back, if the historical trends are keenly analyzed. But, another group of experts predicted that the current price changes are sustainable that will lure crypto investors to keep investing in Bitcoin or cryptocurrencies. So, it can be forecasted that, new leg of this bull run will set another new trend and can reset the new price level to $70, 000 in coming days. Another price prediction is much bigger that depicts that, before the end of 2021, Bitcoin prices can touch the peak of $100k+. However, some precautious professional predicts that, after the year-end surge, it could be dropdown to $20k or less as a result of “dead cat bounce” notion, in the beginning of new year. The Good News The good news is, top bitcoiners are expecting big surges in prices, after adopting cryptocurrency as legal tender in El Salvador. The Topguns of CoinCorner and MicroStrategy are two key investors among others, who are supporting the ongoing price-hype bandwagon. To encourage mass adoption, the price is set to $30, today through the app, known as “Chivo Wallet”. Bitcoin supporters are using social media such as Twitter and Reddit, to encourage locals to buy the Bitcoin on above described prices to portray “support” to the national economy. Please note, potential price surges are being expected in long-term; while, in short-term the expected rate is being populated around $57, 000; due to El Salvador adoption. Lets see, what is going to be happened in crypto world, actually.
The ongoing upward trends in Bitcoin depict the continual spikes that has been
started
in the beginning of this year. In April, the
price
touched the peaks of $60, 000
but
later in July, it was
dropped down
to $30, 000,
but
now
it is gaining momentum, again.

Volatility in Predictions

However
,
because
of the unexpected volatility, any concrete assurance can’t
be predicted
in long-term.
Some
sources pointed out that the
current
change
in
prices
will fall back, if the historical trends are
keenly
analyzed.
But
, another group of experts predicted that the
current
price
changes
are sustainable that will lure crypto investors to
keep
investing in Bitcoin or cryptocurrencies.

So
, it can
be forecasted
that,
new
leg of this bull run will set another
new
trend and can reset the
new
price
level to $70, 000 in coming days. Another
price
prediction is much bigger that depicts that,
before
the
end
of 2021, Bitcoin
prices
can touch the peak of $100k+.
However
,
some
precautious professional predicts that, after the year-
end
surge, it could be dropdown to $20k or less
as
a result of “dead cat bounce” notion, in the beginning of
new
year.

The
Good
News

The
good
news
is, top
bitcoiners
are expecting
big
surges in
prices
, after adopting cryptocurrency as legal tender in El Salvador. The
Topguns
of
CoinCorner
and
MicroStrategy
are two key investors among others, who are supporting the ongoing price-hype bandwagon. To encourage mass adoption, the
price
is set
to $30,
today
through the app, known as “
Chivo
Wallet”.

Bitcoin supporters are using social media such as Twitter and Reddit, to encourage locals to
buy
the Bitcoin on above
described
prices
to portray “support” to the national economy.

Please
note, potential
price
surges are being
expected
in long-term; while, in short-term the
expected
rate is
being populated
around $57, 000; due to El Salvador adoption.
Lets
see
, what is going to
be happened
in crypto world, actually.
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IELTS essay Spikes in Bitcoin Trends now

Essay
  American English
6 paragraphs
323 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
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Lexical Resource: 5.0
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  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
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    Present relevant ideas
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