Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence
Bitcoin follows what Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, calls an “enduring trajectory”. The benchmark crypto is one of the best-performing assets in history, as the expert said in a recent report, and might be on track to record fresh gains in the second half of 2022. Related Reading: Has Bitcoin Price Found Support At A Decade-Long Trend Line? At the time of writing, BTC’s price trades at $23,900 with a 3% profit over today’s trading session and a 2.4% profit over the past week. The cryptocurrency seems to be trending upwards on the back of a decrease in....
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The price of STEPN (GMT) could be set for a major rally against Tether (USDT) after showing bullish signs. Related Reading: Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like STEPN bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of GMT On The Weekly Chart From the chart, the price of GMT saw a weekly low of around $0.58, which bounced from that range and rallied to $1. The price has built more momentum as it faces....
Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could provide impedance to the latest rally. Ethereum Long Positions Have Dropped By More Than 300k During The Last Few Days On Bitfinex As pointed out by an analyst in a CryptoQuant post, the past data of the ETHUSD long positions on the crypto exchange Bitfinex would suggest the current pattern may prove to be bearish for the value of the coin. The relevant metric here is the total number of Ethereum long positions (ETHUSD pair) currently open on the Bitfinex exchange.....
A recent Bloomberg Intelligence report says that Bitcoin is in a consolidating bull market and well on its way to $100,000.
Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook with a price prediction for bitcoin Wednesday. McGlone described that bitcoin is set to turn $40,000 into support, stating that “This year is prime for bitcoin to....
Analysts think that Bitcoin may be primed to hit $20,000 after passing $14,000. An analyst said that it is just a “matter of time” before new all-time highs. Raoul Pal, CEO of Real Vision and a former hedge fund manager, agrees with this sentiment. Bitcoin Could Soon Hit $20,000, Macro Chart Shows Analysts think that Bitcoin may be primed to hit $20,000 in the near future (meaning next couple of weeks or months) after breaking […]