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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

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