Bloomberg Says Bitcoin Stays Above A Key Resistance Level
Bloomberg said that Bitcoin (BTC) stays above a key resistance level, as the Bollinger Bands suggest that Bitcoin is consolidating for a major breakout. It has been reported by Bloomberg analyst Mike McGlone that Bitcoin is consolidating, as he speculates that due to the decreasing volatility, Bitcoin price Bollinger Bands are at its lowest point ever. However, in his opinion, Bitcoin is priming to break out of the upper resistance level of $13,000. At the same time, he said