Bloomberg senior commodity strategist Mike McGlone says that Bitcoin (BTC) is on the cusp of hitting strong support. In a Tweet, McGlone says that as the flagship cryptocurrency hovers below the 50-week moving average, it is trading at an “extreme discount” relative to its 2018 and 2020 lows. “About 20% below its 50-week moving average, […]
The post Bloomberg Strategist Updates Outlook on Bitcoin After Price Fall, Says BTC Now Trading at a Deep Discount appeared first on The Daily Hodl.
