Bloomberg analyst: Bitcoin may grow in 2020 due to fixed supply and increasing popularity

According to Mike McGlone, senior commodity strategist at Bloomberg Intelligence, Bitcoin will grow in 2020 due to its fixed supply and increasing popularity. McGlone said that the rise in gold prices could also be good for bitcoin prices this year. He believes that Bitcoin's volatility will also continue to decline. He believes that $ 6,000 is the key support for Bitcoin and $ 10,000 is the resistance this year. Mike McGlone concluded: "Bitcoin prices are more likely to move towards a 2019 high of $ 14,000, although they may not remain at a bottom of just under $ 3300." He said that by 2020, Bitcoin should It will once again surpass most crypto assets and become a unique, continuously rising digital version of gold.