Wednesday, September 30, 2020
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3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting Bull’ Is Inaccurate

Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive.The report concludes that Bitcoin is set for a breakout with

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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.He also highlighted BTCUSD trading inside a bullish technical structure.Could Bitcoin price break above $10,500, a technical resistance it has

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Bloomberg BTC Bombshell, Coinbase Fury, Ether vs. Tether: Hodler’s Digest, June 1–7

[sociallocker id="55298"] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekForget $10,000, Bitcoin’s $12,000 breakout

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Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish

Another week, another round of Crypto Tidbits.The past seven days have been volatile days for Bitcoin and other cryptocurrencies. The cryptocurrency on June 1st rallied past $10,000 for the first time in many weeks, reaching as high as $10,400.It was an explosive move that had many expecting more upside. One

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Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

[sociallocker id="55298"] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.”Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel

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Bitcoin and Gold Will Be Unaffected by 2020 Market Tumult: Bloomberg Outlook

[sociallocker id="55298"] Despite the current market uncertainties some pundits point to gold and Bitcoin (BTC) as suitable hedges against future downturns. BTC remains of the best performing assets, maintaining its decoupling from mainstream stocks. Bitcoin and Gold as Hedge Against Uncertainties According to June 2020 Bloomberg Commodity Outlook, Bitcoin and gold will

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Bitcoin Price Will Rise to $28K in 2020, Latest Bloomberg Report Reveals

[sociallocker id="55298"] As traders eye the biggest quantitative easing program ever undertaken, Bitcoin could outperform the wider market in 2020 with investors scrambling to keep up with a rapidly evolving and uncertain situation.Bloomberg provided its outlook on cryptocurrencies mainly saying that all signs point to Bitcoin going on the major

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