Bloomberg Likens $30K Support to $4K in 2020 BTC Price Crash

So is $34K the new $4K? Price is sitting at @ $34000 this morning

Bitcoin holds $34K as Bloomberg likens $30K support to $4K in 2020 BTC price crash

“For Mike McGlone, senior market strategist at Bloomberg Intelligence, there was little reason to reassess a long-term bullish view on Bitcoin.

He argued that $30,000 was just like $4,000 after the 60% price crash of March 2020 — a ‘line in the sand.’

‘Selling Bitcoin around good support & similar dips below most means as about $30K this year hasn’t ended well, and if the key question this time around is whether it’s different, we see a more-enduring bull market,’ he explained.”


Master Asked on June 23, 2021 in Bitcoin.
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