(Bloomberg Intelligence) -- Increasing adoption, relative scarcity and a favorable macroeconomic backdrop sustain Bitcoin's upward price bias on a stand-alone basis and vs. broader crypto assets. Breaching $10, in July, boosted by new highs in gold, helps transition this level to Bitcoin's support from resistance. The unexpected likely needs to. Nov 04, · Last month, Bloomberg Intelligence commodity analyst Mike McGlone said Bitcoin is poised to reach $, by , highlighting Bitcoin’s rising adoption rates and BTC’s historical price action. “We don’t know what specific catalyst might launch Bitcoin to new highs, but demand vs. supply metrics remain price-positive. Dec 03, · In this edition of "Futures in Focus," Prosper Trading Academy Chief Executive Officer Scott Bauer examines Bitcoin, gold and copper prices. He speaks on "Bloomberg Markets." (Source: Bloomberg).
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