With bitcoin tending to move in these long-term cycles, prices may indeed challenge $20, this year, as expected by Bloomberg. “Something needs to go really wrong for bitcoin to not appreciate. McGlone is well-known for his bullish bitcoin price predictions. During his interview on Bloomberg TV he pointed out that in the short-term bitcoin is going to face “pretty good resistance” at the $20, mark, a prediction he made earlier this month, and could then “do what gold did.”. The precious metal, the analyst said, got to the $2, mark and has been consolidating since. Nov 04, · Last month, Bloomberg Intelligence commodity analyst Mike McGlone said Bitcoin is poised to reach $, by , highlighting Bitcoin’s rising adoption rates and BTC’s historical price action. “We don’t know what specific catalyst might launch Bitcoin to new highs, but demand vs. supply metrics remain price-positive.
Bitcoin trading bloombergBitcoin Price Could Reach Six Digits by , Bloomberg Analyst Predicts | Cryptoglobe
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