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Bitcoin is ‘caged bull’ ready to escape at $60K — Bloomberg Intelligence

CryptocurrencyApr 12, 2021 03:00PM ET
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Bitcoin is ‘caged bull’ ready to escape at $60K — Bloomberg Intelligence

Bitcoin (BTC) is a “caged bull,” and the end of its current price run is nowhere near at $60,000, said Bloomberg Intelligence.

In a tweet on Monday, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month.

BTC/USD with Bollinger Bands and 30-day moving average chart. Source: Mike McGlone/ Twitter

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Bitcoin is ‘caged bull’ ready to escape at $60K — Bloomberg Intelligence
 

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