BTC Peers
Published Jul 23, 2021 11:53PM ET
Bitcoin is likelier to rise to than to dip, Senior Bloomberg Strategist claims
Mike McGlone, the senior commodity strategist at Bloomberg Intelligence, has shared his predictions about the long and short term status of Bitcoin.
He opined that the world’s largest cryptocurrency stands a better chance of reclaiming previous highs in the $60,000 region than receding beyond its current value to $20,000.
Our crypto analyst @mikemcglone11 says Bitcoin more likely to hit $60k than $20k based on historical price patterns, also says China's rejection of open-source software crypto assets may mark plateau in country's economic ascentGet The News You WantRead market moving news with a personalized feed of stocks you care about.Get The App
Written By: BTC Peers
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.