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McGlone predicts Bitcoin at $100k amid economic hurdles
Bloomberg Intelligence’s senior macro strategist, Mike McGlone, remains optimistic about Bitcoin’s long-term prospects, maintaining his forecast of a $100,000 price. Senior macro strategist at Bloomberg Intelligence, Mike McGlone, remains firmly rooted in his earlier prediction of Bitcoin (BTC) achieving a… дальше »
2023-7-25 10:27 | |
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Bloomberg's McGlone Predicts GBTC Litigation May Mark Milestone for Bitcoin (BTC)
Bloomberg's senior commodity strategist Mike McGlone stated that ongoing legal battle between Grayscale Bitcoin Trust (GBTC) and US Securities and Exchange Commission (SEC) could mark significant turning point for Bitcoin дальше »
2023-3-13 19:00 | |
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Bloomberg Strategist On Why $100k BTC Price In 2021 Is Meager By Bitcoin Standards
Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recently been predicting (on a consistent basis) a positive outlook for bitcoin and the entire crypto market said that key factors that support this analysis include last year’s […] дальше »
2021-6-17 16:07 | |
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Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report
Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017. дальше »
2020-10-6 16:30 | |
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Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. дальше »
2020-9-25 09:45 | |
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Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains
According to senior commodity strategist at Bloomberrg Mike McGlone, Bitcoin’s limited supply and increasing adoption will lead to steady, although gradual, appreciation. дальше »
2020-9-17 22:00 | |
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Bloomberg Predicts Gold at $3K, Bitcoin at $20K in Current Bull Run
A bullish comment on gold by a top Bloomberg Intelligence analyst could leave Bitcoin in a similar upside spell. The firm’s senior commodity strategist, Mike McGlone, said in his August update that he expects the precious metal’s price trajectory to accelerate. дальше »
2020-8-25 09:11 | |
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Bloomberg gives four reasons why demand for Bitcoin is set to shoot higher
To the credit of Mike McGlone, a senior commodity analyst at Bloomberg Intelligence, he called a Bitcoin breakout towards $13,000 when few expected it. The post Bloomberg gives four reasons why demand for Bitcoin is set to shoot higher appeared first on CryptoSlate. дальше »
2020-8-7 01:00 | |
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Bitcoin Price Stalls At $9.2k, But Bulls Are Still Eying Gigantic Move Towards $13,000
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence thinks Bitcoin is headed on a bull run towards $13K. But possibly, more importantly, he mentioned the declining volatility of the digital asset and referenced the maturation of BTC. дальше »
2020-7-2 09:20 | |
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Bloomberg Analyst Sees Bitcoin at $13K Despite Hints of Deep Breakdown
Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold. дальше »
2020-6-26 16:00 | |
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Bitcoin Pulls Away From Stock Market as Price Staying Above $8,000 Signals Strength – Bloomberg Analyst
Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone. In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength. дальше »
2020-5-7 20:33 | |
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Tether may be widening the disparity between Bitcoin, altcoins
In its most recent ‘Crypto Outlook’ report, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, spoke about Bitcoin, Tether (USDT), their adoption and possible outcomes in 2020. The post Tether may be widening the disparity between Bitcoin, altcoins appeared first on AMBCrypto. дальше »
2020-1-9 19:30 | |
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Bitcoin more likely to edge towards 2019's highs, than its lows
In the January edition of Bloomberg's ‘Crypto Outlook’ report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, wrote about Bitcoin and its potential in 2020, both in terms ofThe post Bitcoin more likely to edge towards 2019's highs, than its lows appeared first on AMBCrypto. дальше »
2020-1-9 12:30 | |
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Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K
Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. дальше »
2019-12-20 14:00 | |
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Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst
Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot. дальше »
2019-8-21 16:00 | |
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Is Bitcoin Price Rally Running Out of Gas? May be
Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to a new all-time high before the 2020 halving event. дальше »
2019-8-8 21:35 | |
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‘Emotional’ Bitcoin Bulls are ‘Grasping At Straws’, Claims Bloomberg Analyst
A recent article in Bloomberg paints a less optimistic future of the crypto markets than you might typically find this week. Vildana Hajric reports that the GTI Global Strength Indicator of the Bloomberg Crypto Index, which tracks significant cryptos, has the same trends which led to its previous peak in January 2018. дальше »
2019-4-10 17:40 | |
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Bitcoin Price May Re-enter Bear Market, Warns Analyst (As Altcoins Gain Favor)
The Bitcoin (BTC) price may soon resume its downward trajectory despite mounting technical robustness, an analyst has claimed. ‘Ripe To Resume Lower Prices’ Bloomberg Intelligence analyst Mike McGlone identified diminishing daily returns this month, suggesting an imminent continuation of Bitcoin’s bear market. дальше »
2019-3-13 13:00 | |
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Bitcoin Price Watch: Year-End Price Looks to Be Lower Than Anticipated
At press time, everybody’s favorite cryptocurrency has fallen below $3,175 for the first time in 2018. The price of bitcoin continues to crash and burn, and one analyst is saying the asset may fall to as low as $1,500 before any significant uptrends occur. дальше »
2018-12-15 06:00 | |
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Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So
As BTC capitulated on Thursday evening, falling under a handful of purported key support levels, a number of bearish commentators, including Nouriel “Dr. Doom” Roubini and Bloomberg’s Mike McGlone, doubled down on their sentiment that cryptocurrencies would continue to disintegrate. дальше »
2018-12-7 14:00 | |
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Bloomberg Analyst Says That Bitcoin Speculators Are Leaving the Market and Its Price Is Bottoming
A recent Bloomberg article quoted Bloomberg Intelligence analyst Mike McGlone, who said that Bitcoin’s current low volatility is “a sign of speculation leaving the market and eventually a bottoming process. дальше »
2018-10-29 15:59 | |
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