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Friday

23 April 2021

Bitcoin falls below $58K as Bloomberg eyes $80K BTC price in Q2

Bitcoin falls below $58K as Bloomberg eyes $80K BTC price in Q2


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Bitcoin (BTC) reversed recent gains to lose 1.5% on April 6 as bulls were kept frustrated with no sign of an attack on all-time highs .

Bloomberg senior commodity strategist Mike McGlone, who authored the report, is well known as a Bitcoin bull, and his perspective chimes with that of various analytics resources coming out with their own reasons to be confident in the market.

Continuing, he noted that in terms of a reserve asset, Bitcoin is usurping ground which used to be reserved for gold.

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cointelegraph.com
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