Bullish Signals in Bitcoin and Gold

There are bullish signals in bitcoin and gold price. Bloomberg chief commodity strategist Mike McGlone has revealed the details.

Bloomberg chief commodity strategist Mike McGlone, who reiterated the target of 100 thousand dollars at every opportunity regarding Bitcoin, said that the leading cryptocurrency will be accompanied by gold and long-term bonds in the second half of the year. Bloomberg's famous expert Mike McGlone stated that gold and Bitcoin made similar corrections with his tweet. Writing that 30-year Treasury yields below 2 percent are good for Bitcoin and gold, McGlone said: “Bitcoin, gold and long-term bonds, these 3 are giving important signs for the rise in the second half of the year. The US 30-year bond yield is below 2%, and this is good for Bitcoin and gold. It is analogous to the stock market, with its new store of value. The digital version shares important fixes.”

"Bitcoin May Reach 100 Thousand Dollars..."

McGlone, who also participated in a program on Bloomberg's television channel, stated that Bitcoin could catch up with Ethereum's rise in the second half of the year and reach $ 100 thousand. McGlone used the following statements: “I think there will be a rapid rise to $100,000. There are many signs for it to get here. The last of these signs is that Bitcoin follows Ethereum's movements. In the second half of the year, they both increased by about 45%. I think Bitcoin will reach $ 100,000. It's just a matter of time. I don't know what can stop it. Gold has found very good support at $1700 and Bitcoin at $30,000. So I see a similarity in these two assets.”