535: BITCOIN WILL SOON HIT $400K BASED ON PREVIOUS BULL RUNS SAYS BLOOMBERG!! ENJIN COIN HITS NEW ATH!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - April 08, 2021 16:13 - 20 minutes - 10.1 MB - ★★★★ - 537 ratings
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Previous Episode: 534: BLOOMBERG PREDICTS $80K BITCOIN SURGE IN Q2!! ETHEREUM TO BE A ‘STORE OF VALUE' SAYS SKYBRIDGE CEO!!

Next Episode: 536: MEITU NOW HOLDS $100 MILLION IN BITCOIN AND ETHEREUM!! COINBASE RECORDS STAGGERING $1.8B IN REVENUE!!

History suggests this Bitcoin bull run is only just getting started. Released on Monday, a report by Bloomberg Intelligence strategist Mike McGlone predicted Bitcoin could soon approach $400,000 per BTC based on past Bitcoin bull runs, adding:

“In September, 180-day volatility on the crypto about matched the all-time low from October 2015. From that month’s average price, Bitcoin increased a little over 50x to the peak in 2017.”

Although it doesn’t give a specific time-frame for when this peak might be achieved, the report does specify that over the next quarter the price is likely to “breach $60,000 resistance and head toward $80,000.”

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