Bitcoin and Ether heading $100K and $5K in 2022: Bloomberg Intelligence
Bitcoin will be likely gaining “upper hand” versus stocks this year, according to Bloomberg Intelligence analyst Mike McGlone. Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, according to a forecast by Bloomberg intelligence analyst Mike McGlone published in his latest market analysis on Thursday.“A key issue we see is the Federal Reserve, as it faces the greatest....
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Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light on that idea. Bitcoin Vs. Crude Oil In a new Bloomberg Intelligence report, data shows trends that could favor Bitcoin and Ethereum prices. The report noted that “Representing advancing technology, Bitcoin is gaining traction as a....
A recent Bloomberg Intelligence report says that Bitcoin is in a consolidating bull market and well on its way to $100,000.
Bloomberg Intelligence senior commodity strategist Mike McGlone has affirmed his bitcoin price prediction of $100K, seeing $5K for ethereum as the path of least resistance. He expects the crypto market to thrive in a “refreshed bull market.”
Cryptocurrencies Poised to Thrive, Bull Market Revived
Commodity strategist Mike McGlone discussed his price predictions for bitcoin and ethereum in the September edition of Bloomberg Crypto Outlook, published Friday.
“Crypto-assets appear in a revived and refreshed bull market with the 2H benefit of a steep....
Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did […]