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Senior Bloomberg strategist Mike McGlone believes that bitcoin (BTC) could crash before hitting a six-figure price in the coming months.
In a new video interview, McGlone says that the flagship crypto is likely to fall to a key support level of $30,000 before it rallies to a price of $100,000 per coin, a gain of 230%.
“If you buy it [bitcoin] at around $41,000, I think, maybe in less than a year, you should expect to go around $100,000.
But at these levels right now, we might easily see $30,000 first. And I fully expect that’s kind of the risk-reward because $30,000 has been the key support.”
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Show Notes / News Resources:
✔ bitcoin Technical Analysis: https://bit.ly/3iEkux7
✔ ExxonMobile crypto Mining: https://bit.ly/3iC49ce
✔ SEC Can Approve Spot BTC ETF: https://bit.ly/3LfXtwy
✔ Colorado to Accept Tax Payments in crypto: https://bit.ly/3IEfwuI
✔ Bloomberg 100K bitcoin Prediction: https://bit.ly/3DcyK9N
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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