Mike McGlone
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Mike McGlone Says Bitcoin Is Likely To Hit $100,000 This Year

Chief commodity strategist of Bloomberg, Mike McGlone shares in a Tweet how bitcoin will potentially reach $100,000 price level.
“Bitcoin potentially to hit $100,000”

Mike McGlone stated that Bitcoin is likely to make a “significant advance in 2021,” and will touch the $100,000 price mark.

He judges that this move will follow past bitcoin trading trends. For instance, The move will be geared by its declining supply and mainstream adoption.

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Mike McGlone in a previous tweet this year reveals U.S. regulation is unlikely to hinder Bitcoin’s bullish run.

Earlier, McGlone notes that bitcoin deflation program is an edge against constant tapering conducted by the U.S. government and other countries: the U.K., European Union, etc.

Whopping 178,000 BTC Moved from crypto exchanges

Arcane Research platform reveals that 178,000 Bitcoins is moving from crypto trading venues resulting to $8.565.627 at the current exchange rate.

“Bitcoin exchange balance has dropped to levels not seen since August 2018. Outflows have been especially high during the last two months, with 178,000 BTC moved from exchanges since July 27th.” – Arcane Research

Bitcoin Price Heads For Golden Cross

The Bitcoin Price Heads For Golden cross, seeing a 50-day moving average is almost passing its 200-day moving average to the upside.

Heads Up!, Bitcoin price heads for golden cross on the daily chart! A golden cross is when the 50-day moving average passes the 200-day moving average to the upside.

While, the technical indicator represents an asset’s momentum and recent price trends.

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However, it is particularly monitored and anticipated by traders and large capital allocators in global financial system.

Meanwhile, The anticipated Bitcoin Heading for Golden cross is encouraging more adoption for bitcoin and also the momentum-driven traders believes its another bitcoin run-up.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.