Express

Bloomberg Analyst Says Bitcoin Is Primed For A Bull Run, Despite Recent Dip Below $9,000

Emily Mason

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

Last Update:

Tags: ,,
Link: Bloomberg Analyst Says Bitcoin Is Primed For A Bull Run, Despite Recent Dip Below $9,000   [Copy]
Next:

Related Articles

  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 3 days ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 4 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 10 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 16 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 19 days ago

    • You need to login to comment.