Bloomberg: ‘Bitcoin a Caged Bull Set for Breakout, Eying $13,000 Resistance’

Cointelegraph

Published Jun 26, 2020 03:45PM ET

Updated Jun 27, 2020 06:40PM ET

Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level.

The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due to the decreasing volatility, Bitcoin price Bollinger Bands are at its lowest point ever.

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