McGlone aired his views in Bloomberg’s August crypto outlook, noting that “this year is primed for Bitcoin to take the next step in its price-discovery stage and we see a refreshed bull market.”
Since Bitcoin began crashing in the aftermath of China’s clampdown on crypto mining and trading activities, the flagship digital asset has managed to hold onto the $30,000 price level. However, on July 21, it fell below the benchmark to $29,380 but quickly reclaimed $30,000 on the same day.
McGlone objectively agrees that Bitcoin has established $30,000 as its base price and could easily move from this point upward. He wrote:
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Source: Cryptocurrency - investing.com
