Thursday, December 5, 2019

Bloomberg Research Sees Bitcoin Back to $10k Soon Published by Julian Thomas Olleux.io olleux Bloomberg's Bitcoin outlook for next year has highlighted adoption, a falling supply, and Tether's influence on the market — all as positives for the price going ahead. Like gold, Bitcoin is retracing a bear market, while most of its brethren (alt-coins) have increasing betas on the downside [..] For Bitcoin, we see $6,500 as good support and $10,000 as initial resistance in 2020.". The Importance of Tether Interestingly, the controversial stablecoin Tether is also set to play a big role in the advancement of Bitcoin in the coming years, according to the report. However, because Bloomberg sees Bitcoin as the only cryptocurrency that is equivalent to gold, Tether's advancement should promote and support Bitcoin's growth in the future. hashtagcryptocurrency hashtagBitcoin hashtagethereum hashtaglitecoin hashtagcurrency hashtagmarketwatchlive hashtagolleux hashtagbloomberg hashtagcoindesk hashtagbinance hashtagforex hashtagbearish hashtagbullish hashtagyourfuture hashtaginvestment hashtagUSD hashtagEUR hashtagbtcusd hashtagcryptocurrencyexchange

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