Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook with a price prediction for bitcoin Wednesday.

McGlone described that bitcoin is set to turn $40,000 into support, stating that “This year is prime for bitcoin to take the next step in its price-discovery stage and we see a refreshed bull market.” He further explained:

Bitcoin appears to have built a base around $30,000 that’s akin to $4,000 at the start of 2019, and we see performance parallels that could get the benchmark crypto back on track toward $100,000.

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@gulm420 posted 2 years ago