McGlone Shared His Bitcoin and Altcoin Forecasts

Analyst Mike McGlone, who stands out with his successful Bitcoin price predictions, shared his Bitcoin and altcoin forecasts.

Despite the recent declines of Bitcoin and Ethereum, senior commodity strategist Mike McGlone, who correctly predicted $ 10,000, $ 12 thousand and $ 50,000 in BTC, said that he expects an increase after sideways price movements. McGlone based this on the law of supply and demand and said: "According to the rules of the economy, a market with increasing demand and decreasing supply rises over time." https://twitter.com/mikemcglone11/status/1486664371388522504?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486664371388522504%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkriptokoin.com%2Fanalist-bitcoin-ve-altcoinlerin-yarinini-acikladi%2F At the end of June 2021, Bitcoin (BTC) reached the death cross and then reminiscent of its former prices at $28,800. Exactly one month later, Bitcoin gained momentum and the death cross occurred in mid-September. As a result, BTC reached the ATH level of $69,000 in November 2021. According to Mike McGlone, under similar conditions, Bitcoin may bottom out around $30,000 again, while remaining insufficient for $60,000. The analyst, known for his accurate predictions, said the following in a tweet: “Bitcoin being a rising asset, slightly expanded against nearly $100 trillion global equities with a market cap of less than $1 trillion, could add value to BTC. Our chart shows a bottom indicator for BTC. About 30% of its 20-week average under." https://twitter.com/mikemcglone11/status/1486096864013336586?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486096864013336586%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fkriptokoin.com%2Fanalist-bitcoin-ve-altcoinlerin-yarinini-acikladi%2F