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    Home»Bitcoin»Bitcoin (BTC) Comment from Mike McGlone
    Bitcoin

    Bitcoin (BTC) Comment from Mike McGlone

    cryptossorBy cryptossorKasım 20, 2021Yorum yapılmamış1 Min Read
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    Bloomberg strategist Mike McGlone explained the reasons for the optimism of the Bitcoin community.

    Contact us to be informed about the last minute developments. Twitter and Telegram you can follow our channel.

    Addressing his followers on Twitter, McGlone shared three charts: the dynamics of the average annual price of Bitcoin, the liquid index of Bitcoin and the ratio graph between the 260-day volatility of the Bitcoin price and the same indicator for the S&P index.

    https://twitter. com/mikemcglone11/status/1461725721878052871

    McGlone emphasized that while Bitcoin is still in development, its adoption continues to increase. He also stated that the decreasing supply is a positive factor for Bitcoin expectations. According to McGlone, the entity shows obvious signs of maturation. For this reason, a positive atmosphere prevails in the Bitcoin community.

    Bloomberg strategist says the $50,000 support level and $100,000 resistance level should be watched carefully.

    McGlone is also optimistic about the medium-term position of Ethereum. The strategist attributes the possible rise of ETH to increased demand, reduced supply, and Ethereum’s role in the digital transformation of the finance segment.

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    Roskomnadzor Media Watchdog Unblocks Leading Russian Crypto News Outlet

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