$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts
Cointelegraph
Published Jul 23, 2021 11:12AM ET
Updated Jul 25, 2021 02:40PM ET
Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
A screenshot from McGlone's latest analysis on the flagship cryptocurrency, first shared by Bloomberg senior ETF analyst Eric Balchunas, shows him comparing Bitcoin's ongoing price action with the "too-cold" period of the 2018–2019 trading session.
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Written By: Cointelegraph
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