Bloomberg analyst: Bitcoin is ripe for a breakthrough to $ 13,000

Bloomberg Intelligence Commodity Chief Strategist Mike McGlone expects the first cryptocurrency price spike to resistance at $ 13,000.

In his opinion, this is indicated by a whole set of bullish signals.

“More neglect on the part of the bulls should be for the better, keeping the price upward for greater consolidation of the cryptocurrency,” he said.

McGlone added that the decline in bitcoin volatility reflects the maturation of the asset to the role of digital gold.

The technical outlook for commodity quotes, with the exception of gold, for the 2nd quarter, the analyst assessed as bearish.

Earlier, the Bloomberg strategist announced the inevitability of a rise in the price of the leading cryptocurrency, which could exceed $ 20,000 by the end of the year.

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