“Our bias is [that] Bitcoin adoption is more likely to continue rising,” said commodity strategist Mike McGlone, as he tipped a strong rebound for BTC in the next six months.
Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin will rebound in the second half of 2022.
“With the Bloomberg Galaxy Crypto Index nearing a similar drawdown as the 2018 bottom and Bitcoin’s discount to its 50- and 100-week moving averages similar to past foundations, risk vs. reward is tilting toward responsive investors in 2H.”
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