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Bloomberg Analysts Eye $12,000 For Bitcoin's Next Price Movement
Summary: A recent report from Bloomberg suggests that Bitcoin's price may soon reach $12,000. Bloomberg noted that active Bitcoin addresses are on the rise and that at the end of 2019 Bitcoin's end-of-day high was $12,734. The report predicts Bitcoin may soon regain that price level if active addresses keep increasing at the same rate. The ...
A recent report from Bloomberg suggests that Bitcoin's price may soon reach $12,000.
Bloomberg noted that active Bitcoin addresses are on the rise and that at the end of 2019 Bitcoin's end-of-day high was $12,734. The report predicts Bitcoin may soon regain that price level if active addresses keep increasing at the same rate.
The report added that the growth of Grayscale's Bitcoin Trust is another positive indicator for the currency, especially combined with the U.S. Comptroller of the Currency's decision to allow banks to custody crypto which could remove an important barrier for institutional investors, as reported by Cointelegraph.
By Emily Mason
Tags: Bitcoin,Bloomberg,BTC,Grayscale
Link: Bloomberg Analysts Eye $12,000 For Bitcoin's Next Price Movement [Copy]
