Express

Bloomberg analyst: $20,000 is Next Resistance Level For BTC To Reach $1T Market Cap

Mary Liu

Summary: Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, predicted in today’s tweet that Bitcoin will continue to rise in 2021 and $20,000 is the key resistance level to reach the $1 trillion market cap. McGlone also regards Bitcoin as a digital version of gold with limited supply, which is still in the early stages of ...

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, predicted in today’s tweet that Bitcoin will continue to rise in 2021 and $20,000 is the key resistance level to reach the $1 trillion market cap. McGlone also regards Bitcoin as a digital version of gold with limited supply, which is still in the early stages of price discovery, so its price may continue to climb, the mainstream adoption rate is also rising as well.

By Mary Liu

Last Update:

Tags: ,,
Link: Bloomberg analyst: $20,000 is Next Resistance Level For BTC To Reach $1T Market Cap   [Copy]
Next:

Related Articles

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 10 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 25 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 29 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.