Bloomberg Senior Strategist: Bitcoin May Turn “Parabolic” In 2021

During 2020, Bitcoin price has risen from a low of $3,800 to $14,100, representing over 250 ROI year-to-date. As strong as this performance has been for the first-ever cryptocurrency, according to a Bloomberg Senior Commodity Strategist, Bitcoin may go “parabolic” in 2021 just like it did in 2017 and 2013. Here are the reasons for this prediction, straight from the Bloomberg Intelligence analyst. Bloomberg’s Mike McGlone: “Bitcoin May Undergo A Parabolic 2021” A new crypto market bull run could be brewing, and it is becoming more obvious by the day. The higher high that Bitcoin set on Halloween over the 2019 peak combined with the Black Thursday higher low, confirm that an uptrend is forming. Another higher low, followed by yet another higher high, could be all it takes to send Bitcoin “parabolic,” according to Bloomberg Senior Commodity Strategist Mike McGlone. The top Bloomberg Intelligence analyst points to the yearly…

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