Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support | Jul 25, 2021 at 7:00 AM
  • The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve”.
  • This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the $20K support range.
  • Good Luck With That One – #Bitcoin, #Dollar Dominance: China’s rejection of open-source software crypto-assets may mark a plateau in the country’s economic ascent, we believe, while extolling the value of the U.S. dollar and Bitcoin.