An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say.
Bloomberg is a privately held company, focusing on financial software, data and media, and was founded by Michael Bloomberg in 1981. Bloomberg Terminal is Bloomberg L.P.’s core revenue-generating product, which is a software system providing users with monitoring and analyzing real-time financial market data and trades, news, and secure messaging. Bloomberg News is one of the most recognizable divisions of Bloomberg L.P., producing content and gathering news, which is broadcast through Bloomberg Terminals, television and radio. Bloomberg News is one of the most popular financial-related media platforms that was quick to recognize the potential of cryptocurrency. Today, Bloomberg cryptocurrency news has a section on the agency’s website where Bloomberg gathers both Bitcoin and altcoin news.
According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout.19322
A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation.5548
Bloomberg thinks Bitcoin could return to record highs of $20,000 this year, but warns Ether may not be the world’s second-biggest cryptocurrency for much longer.16948
Bloomberg’s report that provides crypto outlook for June says that it expects Tether to pass Ether as the number two cryptocurrency on the strength of the dollar.8976
Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000.33308
Goldman Sachs starkly disagrees with Mike Bloomberg on cryptocurrency as an asset class worthy of investment interest.7997
A Bloomberg analyst believes Bitcoin presents a more attractive supply model than gold.11427
Bloomberg analyst concurs optimistic on-chain indicators.5078
Bitcoin faces a crucial test at the weekly close, Bloomberg says BTC is setting up for a 2017-like bull run, and hodlers take action as May’s halving draws nearer.19418
Bloomberg analyst Mike McGlone describes Bitcoin halving as a “non-event”.5421
A recent Bloomberg report concluded that Bitcoin may be priming for a massive bull run.38508
Robinhood reportedly saw record revenue growth amid the coronavirus pandemic, anonymous sources reveal.16652
Futures trading volumes creep up on spot trading in crypto, with futures now amounting to half of the value of more traditional buy-sell trades.4252
Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier, known as FIGI for short.3436