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According to a new Bitcoin / Cryptocurrency report published by Bloomberg Intelligence, the second quarter is more likely to deliver a further BTC surge to $80,000 than a capitulatory move to $40,000.
The new report reads: “Adoption of the benchmark crypto as a global reserve asset has crossed the mainstream threshold, as we see it, and the market tide is rising. This scenario has switched the focal point of our 2021 analysis toward more-technical indicators from a wider range of fundamental and on-chain metrics in the past few years.”
“A more likely 2Q scenario is to breach $60,000 resistance and head toward $80,000. A backup toward $40,000 support is less likely, in our view.”
In other trending Bitcoin News today:
Ethereum To Be a ‘Store of Value,’ According to Skybridge Capital’s Anthony Scaramucci
Skybridge Capital chief and former White House press secretary Anthony Scaramucci says that Ethereum (ETH) will become a store of value asset.
In an interview with CNBC, Scaramucci says that as an institutional investor, he’s mainly focused on Bitcoin (BTC), but sees big things happening for Ethereum in the future.
“I think there’s a very big market for Ethereum and I predict that Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-falls-below-58k-as-bloomberg-eyes-80k-btc-price-in-q2