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Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances. Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2023 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his
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Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis ‘was regrettably wrong.’ Mr. Zhu’s Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold’s market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin
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Bitcoin (BTC) fooled no one with its criss-crossing of $40,000 on April 15 as traders remained firmly risk-off on BTC.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin returns to key 2022 Fib levelData from Cryptox Markets Pro and TradingView showed BTC/USD bouncing modestly after returning to the $39,500 zone on April 14.The
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Bitcoin (BTC) is gearing up for a comeback which should lead it to repeat classic bull run years 2013 and 2017, analysts are arguing.As $42,400 local highs appeared on July 31, narratives around the market are flipping back to a bullish Bitcoin "supercycle."Bulls come out for 2021 closeBitcoin has been
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As bitcoin reaches a new milestone all-time high, NLW asks whether we’ve broken out of a traditional halving-based market cycle to something bigger.This episode is sponsored by Nexo.io.Early this morning, bitcoin reached a new all-time high above $50,000. While the market quickly retraced, the psychological barrier was breached. On today’s
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Throughout September, profits from Big Tech cycled into the rest of the U.S. stock market, strategists say. Don Townswick, the director of equities strategy for Conning, says tech stocks could become favorable again in October, especially if earnings rebound. A potential Big Tech recovery brightens the outlook on the S&P 500 and
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Bitcoin (BTC) price continues to grow week in and week out, as another 9% has been added to its value since last Sunday. However, with the block reward halving being just over two weeks away, and mining difficulty set to increase another 5% in little over a week, is the bull
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