Bloomberg senior analyst Mike McGlone suggested that Bitcoin (BTC) expects hot and active days in the coming period and will continue to rise again by continuing to perform well.
McGlone December 19 on his official social media account. in his postHe said that a hot and active period awaits Bitcoin. Suggesting that Bitcoin will tend to perform better in the coming days and rise again, the analyst has said in the past. Bitcoin/Nasdaq He mentioned that some levels that act as resistance on his chart can act as support.
The analyst pointed out that Bitcoin outperformed the Nasdaq in times of monetary relaxation. McGlone’s 2nd peak of quantitative easingin the fourth quarter of 021Bitcoin’s Nasdaq more than 4.5 times underlined that it reached higher values. Based on historical data US Federal Reserve (FED) monetary tightening policies. by leaving together in Bitcoin a new rally was among McGlone’s conclusions.
Elon Musk’s electric vehicle company, on the other hand, Tesla’s shares Comparing it with the analyst, Bitcoin has recently also seen Tesla shares in terms of performance. back that you will leave suggested. Bitcoin’s supply continually aspect that it is decreasing Noting McGlone, on the other hand, Tesla’s self return on capital With Bitcoin’s halving speed can’t compete stated. Analyst shares Tesla shares of Bitcoin in 2023 back to quit continue that you can expressed.
