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Bloomberg Analyst Says Bitcoin Is Primed For A Bull Run, Despite Recent Dip Below $9,000
Summary: Despite Bitcoin's recent dip below its support at $9,000, Bloomberg analyst Mike McGlone predicted that Bitcoin's price will soon skyrocket in a recent tweet. McGlone argues that Bitcoin is consolidating. He believes this means BTC is ready to jump past its upper resistance level at $13,000, but this outcome will only be possible if it ...
Despite Bitcoin's recent dip below its support at $9,000, Bloomberg analyst Mike McGlone predicted that Bitcoin's price will soon skyrocket in a recent tweet.
McGlone argues that Bitcoin is consolidating. He believes this means BTC is ready to jump past its upper resistance level at $13,000, but this outcome will only be possible if it can stay above the $6,500 level.
He added that declining BTC volatility demonstrates maturity toward a digital version of gold.
By Emily Mason
Tags: Bitcoin,Bloomberg,BTC
Link: Bloomberg Analyst Says Bitcoin Is Primed For A Bull Run, Despite Recent Dip Below $9,000 [Copy]