Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Senior Bloomberg Analyst Flips, Says Bitcoin Heading for New All-Time High – BTC, Ethereum, XRP, Litecoin Forecasts

by Daily Hodl Staff
June 27, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Bloomberg Intelligence senior commodity strategist Mike McGlone has turned bullish on Bitcoin and says the leading cryptocurrency is now on track to set new highs.

In an interview on Bloomberg TV, McGlone says he changed his outlook once Bitcoin broke through $6,500.

“What you see here is a breakthrough through significant resistance. The market went through it like a hot knife through butter. It’s very rare. When I see that I think oh, this is a signal. The bear market and the major distribution started with the launch of futures, with distribution all built around $6,500. When Bitcoin broke through that, it basically says to me it’s gonna make new highs. And so it should go above $20,000, but the key thing is, where’s your definition of risk?

ADVERTISEMENT

The key risk I think is getting back below $6,500. But it’s Bitcoin. Volatility, you’re supposed to expect that. The thing to remember here is $6,500 was supposed to be resistance… it held resistance for about six months. I expected that, but when it goes through like this, you have to readjust and say, ‘Uh-oh. It’s telling me something.'”

Bitcoin’s volatility is out in full force. Right now, the crypto market is a deep sea of double-digit red, with Bitcoin down 22.79%, according to COIN360.

Ethereum is down 18.43% at $286.37, XRP is down 15.96% at $0.4041 and Litecoin is down 15.56% at $114.55.

Source: COIN360

Technical analysts at large are recalibrating after Bitcoin’s wild moves in the past few days.

Bitcoin

Bitcoinist – BTC experiences first major pullback in 41 days

Blockonomi – BTC corrects after huge bullish period

ADVERTISEMENT

Ethereum

FXStreet – ETH/USD set for big bull flag retest

XRP

CoinCodex – $0.5 remains a psychological level for XRP bulls

Litecoin

Coin Rivet – LTC corrects after market becomes overbought and over-bullish

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$46,766.00
$46,766.00
1.16%
Ethereum
$1,476.81
$1,476.81
0.35%
Binance Coin
$227.13
$227.13
1.82%
Polkadot
$33.66
$33.66
13.64%
Cardano
$1.41
$1.41
32.63%
XRP
$0.436909
$0.436909
1.48%
ADVERTISEMENT

Spotlight

  • Public Companies Will Mirror Tesla’s Bitcoin Investment, Says Wealth Management Exec – Here’s Why
    February 23, 2021
  • Goldman Sachs and JP Morgan Reportedly Buying Exposure to One Crypto Asset – And It’s Not Bitcoin or Ethereum
    February 21, 2021
  • Confusion Over Billion-Dollar Whale Transfer May Have Triggered Crypto Crash, According to On-Chain Analyst Willy Woo
    February 25, 2021
  • Elon Musk Compares Crypto to Gold, Says Prices of Bitcoin and Ethereum Seem High
    February 22, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.