Bloomberg Chief Strategist Mike McGlone called the marginal value of bitcoin as part of the current growth cycle. According to him, bitcoin is now forming a stable “floor”, after which the course will turn towards the “ceiling”. The analyst considers the maximum rate of 100 thousand dollars.
On February 7, the price of bitcoin hit $43,000 for the first time since January 20. Over the week, the cryptocurrency has risen in price by more than 13%. Today, growth has continued, for one bitcoin they give almost 45 thousand dollars. In November last year, the cryptocurrency updated its all-time high, rising above $69,000, but since then, the rate has fallen by 38%.
Earlier, trader Justin Bennett said that after reaching the rate of 43 thousand dollars, bitcoin will rise in price to 46 thousand dollars. After that, the cryptocurrency will be able to storm the range of 50-30 thousand dollars.
Source: ixbt
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