A senior commodity strategist at Bloomberg Intelligence says a $1 trillion market cap for Bitcoin is in sight. The only thing standing in the way? Surpassing the current all-time high of $20,089.
Bitcoin is bullish again as a new week begins and markets shrug off a weekend reversal — where’s the market heading? Markets worldwide are turning green in a curious countermove to the overarching narrative — coronavirus, lockdown and stifled economic activity.
Bitcoin is nearing the end of another week of fresh gains which have taken it to near three-year highs — what’s next? Following days of volatility, BTC/USD looks set to produce a weekly close which could be its second highest on record.
Bitcoin has begun a new week by testing and breaking through $11,500 after the weekend preserved $11,000 support. After several days of sideways trading, Bitcoin looks set to challenge resistance closer to the significant $12,000 level as markets open around the world.
