Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has always been bullish on Bitcoin and has now referred to the cryptocurrency as a “caged bull.” McGlone believes that Bitcoin will spike higher, breaking out of the $60,000 price range. According to the Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, Bitcoin has a long way to go before it plateaus.
Delivering his most recent bullish prediction on Bitcoin, McGlone said in a posted on the 12th of February:
tweet“Bitcoin after the Halving – Apr.12, 2021. 355 days after the 3rd halving – BTC at $60,091. Faster than 2017. Slower than 2013. But the exceptional growth pattern is the same.”
McGlone is known as a Bitcoin supporter and has always been bullish on the digital asset. Formerly, the Bitcoin bull had predicted that Bitcoin would top $80,000 in the second quarter. In a Bloomberg Intelligence on the 6th of April, McGlone noted that the increasing Bitcoin adoption “is likely to accelerate.”
Bitcoin is currently trading at $60,242.30, a 0.68% gain over its previous close. In the last 24 hours, the king coin has traded close to its record high of $61,700 at $61,253.