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L’analyste déclare:La volatilité des bitcoins est beaucoup plus faible et semble avoir atteint son point le plus bas. Incidentally, As for the remaining cryptocurrencies, Mike McGlone wrote that there are multiple crypto-assets are vying to thrive and competing for adoption., which would lead to market places “biased to the downside.”He wrote that the ever-increasing supply coin needs to come to a standstill or drop off a little, as last year 3,000 new cryptocurrencies made their way through the market.
Après avoir franchi la barre des 11 000 dollars pour la première fois en 2020, au cours de la semaine dernière, Bitcoin est resté dans cette fourchette de prix ces derniers jours. Bitcoin on its own is up 65 percent in 2020 according to CryptoSlate data. Bitcoin 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 … His report states that the two most significant factors which are assisting bitcoin’s cause are its set amount of 21 million BTC, and ability growing adoption as a store-or-value asset. Bitcoin halvening is scheduled to take place next month. Bitcoin à 28 000 USD Mike McGlone a émis un tweet aujourd’hui, où il montre un Bitcoin qui progresse comme une version digitale de l’or – rien de nouveau – en … German Authorities Aiming To Modernize Securities Using BlockchainVeChain Partners With Oxford University To Research on DeFiPumaPay Aiming to Become Major Contributors For Mass Crypto AdoptionKazakhstan plans to impose 15% tax on Crypto Miners Amid COVID Crisis Many expect resistance to come across at $10,000. Analyst Mike McGlone painted an optimistic picture for Bitcoin’s price travel in Bloomberg Intelligence’s cryptocurrency report for August.
Mike McGlone a émis un tweet aujourd’hui, où il déclare que les taureaux pourraient bientôt sortir de leur cage. He affirms that bitcoin is on the brink of migrating towards its 2019 summit, close to $14,000, but won’t stay there for an extended amount of time. Bloomberg just released its latest outlook on the crypto markets. McGlone says he expects weeks of consolidation to end as Bitcoin’s volatility hovers at a level where big breakouts tend to erupt. Si vous continuez à utiliser ce site, nous supposerons que vous êtes d'accord avec lui ! As we reported last month, McGlone gave the good news of $ 12,000 when the Bitcoin price was at $ 9,000. Environ 90 % des 21 millions de bitcoins disponibles ont été produits, ce qui laisse la demande et l’adoption comme principaux indicateurs de prix.
Assuming consistent supply, an increase in demand should further boon the cryptocurrency market, now up approximately 80 percent on the year. There are fundamentals corroborating the point of view that Bitcoin will soon revert to a stable uptrend, as per comments from Mike McGlone of Bloomberg Intelligence.
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The senior commodity strategist stated that the cryptocurrency’s declining volatility is making it a digital version of gold.
His report states that the two most significant factors which are assisting bitcoin’s cause are its set amount of 21 million BTC, and ability growing adoption as a store-or-value asset.
McGlone prévoit ainsi un Bitcoin à 13 000 USD, une résistance à laquelle les taureaux se heurteront durant leur course. For his third point, Mike McGlone wrote that Bitcoin might not exceed past the previous year’s range. Bloomberg Intelligence commodity strategist Mike McGlone says Bitcoin is set for a major breakout, with the leading cryptocurrency targeting $13,000 in the near term.McGlone says he expects weeks of consolidation to end as Bitcoin’s volatility hovers at a level where big breakouts tend to erupt.But not all analysts see a big BTC rally on the horizon. McGlone est l’un des analystes qui a prédit une hausse du prix BTC qui le ramènera à un niveau record. “The highest-ever 52-week Bitcoin-to-gold correlation of 0.35” shows that the cryptocurrency is evolving into digital gold at long last.The textbook Bollinger Band technical indicator suggests an imminent “price breakout” while charts suggest a move “higher is the path of least resistance.” This means that BTC is likely to begin a strong upward move, which McGlone speculates will take the cryptocurrency to $13,000 at the very least.In May and early in June, the second flagship fund of Grayscale Investments, the Ethereum Trust, saw a surge in demand.The past few months have been the worst months for many economies around the world since the Great Depression.Bitcoin currently appears to be in a somewhat precarious position as it struggles to break above its $12,000 resistance, causing the entire crypto market to see some turbulence.The Chinese state does not present a long-term threat to Bitcoin, a well-known developer wrote in a blog this week.Cryptoasset market and network data APIs, analytics, and research
Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity analyst at Bloomberg Intelligence opined in a July 28th piece that central bank monetary stimulus will “fuel bull markets” in gold and Bitcoin: