Bookmarking Crypto Insights
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The statement appeared as a takeaway from Blockworks’ Bretton Woods: The Realignment conference that gathered economists, macro analysts, and investors to discuss Bitcoin. Go to Source Powered by WPeMatico
“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Go to Source Powered by WPeMatico
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 … Read more
The 50-week simple moving average earlier offered incredible support to Bitcoin’s long-term bullish bias. But bears took it convincingly during the Monday sell-off. Go to Source Powered by WPeMatico
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the … Read more
“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Go to Source Powered by WPeMatico
This week’s price dip showed that cryptocurrency has “entered the mainstream,” says analyst Mike McGlone, and the future is likely “tilted in its favor.” Go to Source Powered by WPeMatico
The moderators of the famous Reddit forum Wallstreetbets, known for putting Gamestop (GME) stock prices on the map as a worldwide trending topic, lifted a ban on all discussions related to bitcoin, ethereum, and dogecoin. However, the decision has been reversed after a recently published Bloomberg article. Bitcoin, Ethereum, Dogecoin Were Allowed to Discuss for … Read more
Apparently r/Wallstreetbets doesn’t “bow to cryptocurrencies.” Go to Source Powered by WPeMatico
Despite apparent sentiment shifts following this week’s price dip, experts are predicting Bitcoin will potentially reach $400,000 eventually. Go to Source Powered by WPeMatico
