Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence.


Bitcoin Evaded the Worst Scenario of Fast Slide, So Far

The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But the overall bullish trend is still valid in the long-term, McGlone commented on social media. And prices may be closer to $10,000 than to a low of $5,000.

The behavior of bitcoin will mature in its second decade, but there are enough bullish attitudes to push up the coin. The price of $10,000 is not that unusual for bitcoin, and the coin has achieved periods of significant…

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Source: https://thebitcoinnews.com/bitcoin-more-likely-to-hit-10k-in-2020-than-dip-to-5k/