Bloomberg Strategist Updates Outlook on Bitcoin After Price Fall, Says BTC Now Trading at a Deep Discount
February 24 2022 - 10:30AM
The Daily Hodl
Bloomberg senior commodity strategist Mike McGlone says that
Bitcoin (BTC) is on the cusp of hitting strong support. In a Tweet,
McGlone says that as the flagship cryptocurrency hovers below the
50-week moving average, it is trading at an “extreme discount”
relative to its 2018 and 2020 lows. “About 20% below its 50-week
moving average, […]
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Bloomberg Strategist Updates Outlook on Bitcoin After Price Fall,
Says BTC Now Trading at a Deep Discount appeared first on
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Outlook on Bitcoin After Price Fall, Says BTC Now Trading at a Deep
Discount
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Bloomberg Strategist Updates Outlook on Bitcoin
After Price Fall, Says BTC Now Trading at a Deep Discount
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