Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

2025-05-19

Crypto companies to report every transaction under new British laws

2025-05-19

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Crypto companies to report every transaction under new British laws

    2025-05-19

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»This is the price that will start the bull market according to this analyst
Analysis

This is the price that will start the bull market according to this analyst

2023-09-01No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Bitcoin price has been experiencing a series of price swings for two years now. The cryptocurrency has been on a bullish threshold several times, but has failed to maintain bullish momentum for long.

Nevertheless, a Bloomberg analyst has predicted an unfeigned bull run for BTC, but the potential upside comes with certain factors and conditions.

Investors are preparing for a possible Bitcoin Bull Run

The slow growth of Bitcoin The price has left investors and crypto enthusiasts hoping for a potential bull run since the 2022 crash that saw the cryptocurrency fall from $46,000 to less than $20,000.

The morale of the crypto space however, is increased after a prediction created by Senior Macro Strategist at Bloomberg Intelligence, Mike McGlone, proposing a possible bull run for Bitcoin.

In an X post (formerly Twitter), the senior analyst implies that if Bitcoin price breaks above $30,000, investors should expect a significant bull run, similar to the uptrend recorded in 2020 when Bitcoin was at its all-time high .

McGlone explained that Bitcoin’s $30,000 is analogous to its $12,000 price in 2020, just before the peak. To put this in perspective, in 2020, when Bitcoin’s price was as low as $12,000, the cryptocurrency recorded one of the highest gains in its history, and McGlone has equated that price jump with the bullish momentum he envisions for Bitcoin if it exceeds $30,000. price threshold.

“$30,000 bitcoin could become another $12,000 with Fed tightening,” McGlone said in the X-post.

He also added that the price of Bitcoin may rise substantial growth if the regulatory burden is addressed and Bitcoin ETFs are finally approved.

See also  Chainlink surges 30% as DTCC explores blockchain for mutual fund data delivery

“The inevitable approval of Bitcoin ETFs in the US is getting closer, but the elephant in the room for all high-risk assets remains. The Fed is still tightening despite the trend toward economic contraction,” the analyst said.

Factors hindering bullish momentum for Bitcoin price

As the crypto world looks forward to more confirmation of a favorable price reversal for Bitcoin, several factors could hamper Bitcoin’s expected growth trajectory.

Industry experts have stressed that increased adoption of the Bitcoin ETF will follow Grayscale’s win against the SEC can have a significant impact on the price of Bitcoin. However, the US Securities and Exchange Commission (SEC) has previously rejected applications spot Bitcoin ETFs by leading financial services and crypto exchanges in the industry.

The SEC has also deferred applications for Bitcoin ETF from reputable companies Black rockAnd WisdomTree even after judges of the US District of Columbia Court of Appeals did not favor the SEC’s rejection Grayscale’s Bitcoin ETF.

In addition, the SEC has also aggressively sued many crypto exchanges, including Binance and Coinbase. This lack of a proper regulatory framework has affected the prices of cryptocurrencies, including Bitcoin. Thus, crypto investors are hesitant to invest in an exchange that faces multiple lawsuits and potential legal ramifications.

Bitcoin’s transaction volume has also taken a hit and is down 3 year lows. Transaction volume fell as much as 90% before a potential rally was cut short and the cryptocurrency positioned at a bearish level. Additionally, Bitcoin mining what was once a lucrative crypto venture has also seen a significant decline for participants.

See also  Metaverse Market sees huge growth potential by 2030

While the factors impeding a Bitcoin price growth spurt are significant, investor expectations still remain strong as they prepare for a price spike.

Bitcoin price chart from Tradingview.com (Bloomberg analyst bitcoin bull run)

BTC price falls to $26,000 as interest wanes | Source: BTCUSD on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Source link

Analyst Bull market Price Start
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

2025-05-19

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

2025-05-19

BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

2025-05-19

Bitcoin touches $ 2T market capitalization, surpasses Google and Meta – Is Apple next?

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Injective Unveils iAgent SDK to Automate Blockchain Tasks with AI

2025-01-21

Bitcoin ETF fever is still high, but where is the price really going?

2024-02-02

Airport gains volume dominance on basic blockchain

2024-07-01
Editors Picks

Solana (SOL) and Altcoins Still Have Huge Room to Rise, According to Macro Guru Raoul Pal

2023-11-14

Crypto Trader Says Bitcoin Just Delivered a Bullish Signal, But There’s a Catch

2023-09-09

Bitcoin -Dominance with a risk of crash up to 40%, why this is good for Ethereum, XRP and Altcoins

2025-04-19

MakerDAO: While whales sell their MKR, you should hold on to yours

2024-01-30

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto companies to report every transaction under new British laws

Stellar [XLM] Price forecast – Research why $ 0.27 is an important level for Altcoin

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,576.112.18%
  • ethereumEthereum(ETH)$2,548.516.45%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.381.12%
  • binancecoinBNB(BNB)$649.721.73%
  • solanaSolana(SOL)$169.032.14%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2247272.36%
  • cardanoCardano(ADA)$0.741.88%
  • tronTRON(TRX)$0.2675972.45%
  • suiSui(SUI)$3.851.81%
  • chainlinkChainlink(LINK)$16.045.74%
  • avalanche-2Avalanche(AVAX)$22.332.03%
  • stellarStellar(XLM)$0.2855491.78%
  • hyperliquidHyperliquid(HYPE)$26.402.19%
  • shiba-inuShiba Inu(SHIB)$0.0000152.06%
  • hedera-hashgraphHedera(HBAR)$0.1951443.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.710.65%
  • bitcoin-cashBitcoin Cash(BCH)$393.960.61%
  • the-open-networkToncoin(TON)$3.040.27%
  • litecoinLitecoin(LTC)$97.340.52%
  • polkadotPolkadot(DOT)$4.632.08%
  • moneroMonero(XMR)$347.231.13%
  • bitget-tokenBitget Token(BGB)$5.171.14%
  • pepePepe(PEPE)$0.0000131.91%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.730.09%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$265.8422.48%
  • uniswapUniswap(UNI)$5.963.57%
  • bittensorBittensor(TAO)$413.032.27%
  • nearNEAR Protocol(NEAR)$2.814.23%
  • aptosAptos(APT)$5.225.84%
  • okbOKB(OKB)$52.26-0.20%
  • ondo-financeOndo(ONDO)$0.943.75%
  • kaspaKaspa(KAS)$0.1086420.51%
  • ethereum-classicEthereum Classic(ETC)$18.574.80%
  • internet-computerInternet Computer(ICP)$5.273.87%
  • gatechain-tokenGateToken(GT)$21.580.61%
  • crypto-com-chainCronos(CRO)$0.0965330.79%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.67%
  • mantleMantle(MNT)$0.730.24%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2333150.95%
  • vechainVeChain(VET)$0.0282922.91%
  • render-tokenRender(RENDER)$4.654.41%
  • ethenaEthena(ENA)$0.3795735.26%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • algorandAlgorand(ALGO)$0.2238313.59%
  • arbitrumArbitrum(ARB)$0.3931865.28%
  • filecoinFilecoin(FIL)$2.863.32%
  • bitcoinBitcoin(BTC)$105,576.112.18%
  • ethereumEthereum(ETH)$2,548.516.45%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.381.12%
  • binancecoinBNB(BNB)$649.721.73%
  • solanaSolana(SOL)$169.032.14%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2247272.36%
  • cardanoCardano(ADA)$0.741.88%
  • tronTRON(TRX)$0.2675972.45%
  • suiSui(SUI)$3.851.81%
  • chainlinkChainlink(LINK)$16.045.74%
  • avalanche-2Avalanche(AVAX)$22.332.03%
  • stellarStellar(XLM)$0.2855491.78%
  • hyperliquidHyperliquid(HYPE)$26.402.19%
  • shiba-inuShiba Inu(SHIB)$0.0000152.06%
  • hedera-hashgraphHedera(HBAR)$0.1951443.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.710.65%
  • bitcoin-cashBitcoin Cash(BCH)$393.960.61%
  • the-open-networkToncoin(TON)$3.040.27%
  • litecoinLitecoin(LTC)$97.340.52%
  • polkadotPolkadot(DOT)$4.632.08%
  • moneroMonero(XMR)$347.231.13%
  • bitget-tokenBitget Token(BGB)$5.171.14%
  • pepePepe(PEPE)$0.0000131.91%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.730.09%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • aaveAave(AAVE)$265.8422.48%
  • uniswapUniswap(UNI)$5.963.57%
  • bittensorBittensor(TAO)$413.032.27%
  • nearNEAR Protocol(NEAR)$2.814.23%
  • aptosAptos(APT)$5.225.84%
  • okbOKB(OKB)$52.26-0.20%
  • ondo-financeOndo(ONDO)$0.943.75%
  • kaspaKaspa(KAS)$0.1086420.51%
  • ethereum-classicEthereum Classic(ETC)$18.574.80%
  • internet-computerInternet Computer(ICP)$5.273.87%
  • gatechain-tokenGateToken(GT)$21.580.61%
  • crypto-com-chainCronos(CRO)$0.0965330.79%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.820.67%
  • mantleMantle(MNT)$0.730.24%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2333150.95%
  • vechainVeChain(VET)$0.0282922.91%
  • render-tokenRender(RENDER)$4.654.41%
  • ethenaEthena(ENA)$0.3795735.26%
  • usd1World Liberty Financial USD(USD1)$1.00-0.09%
  • algorandAlgorand(ALGO)$0.2238313.59%
  • arbitrumArbitrum(ARB)$0.3931865.28%
  • filecoinFilecoin(FIL)$2.863.32%