Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets.
Commodity Analyst Mike McGlone Suggests 'Bitcoin Appears Poised to Resume Its Inclination to Outperform'
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.”
Mike McGlone Believes a Crypto ‘Warm Spell’ Is in the Cards, Suggests Bitcoin Will Resume Its Climb in Value When the ‘Fed Pivots to Easing’ Mike McGlone is convinced bitcoin has some healing ahead as he recently tweeted about a “warm spell” on Monday. McGlone’s comment details that “what was resistance for bitcoin vs. Nasdaq 100 stock index at 1:1 may be transitioning to support.” McGlone also shared a chart that he says indicates the “crypto price escaping confinement of the stock index level in 4Q20, on the back of unprecedented fiscal and monetary stimulus.
Next year may be about how much lower global economies fall. Risk vs. reward appears to argue against under-allocating or estimating the propensity for bitcoin to continue its trajectory toward becoming digital collateral.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn't an Indictment of Crypto – Regulation Bitcoin NewsU.S. Senator Pat Toomey says illegal actions by FTX must be separated 'from perfectly lawful and innovative cryptocurrencies.' crypto cryptocurrency
Weiterlesen »
Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request – Bitcoin NewsDisgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States.
Weiterlesen »
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation – Regulation Bitcoin NewsThe G20 countries aim to build a policy consensus on crypto assets for better global regulation, said India's government official.
Weiterlesen »
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge – Finance Bitcoin NewsThe central bank of Kazakhstan has completed the second phase of testing of its digital currency and published a whitepaper.
Weiterlesen »
Bahrain Telecom Operator Starts Accepting Crypto Payments – Emerging Markets Bitcoin NewsThis partnership allows the telecom operator’s customers to settle their respective bills using the Binance wallet, the statement added. cryptopayments binance payments
Weiterlesen »
Bitcoin Has Destroyed “Far More Wealth” Than Created, Lawrence McDonald SaysThe CNBC contributor claims that Bitcoin has actually destroyed more wealth than it managed to create throughout its lifespan
Weiterlesen »