Bitcoin pundits split over BTC floor as Bloomberg analyst eyes bounce

[ad_1] Bitcoin (BTC) could still fall under $30,000, but some prominent sources are already calling the end of the latest bearish turn on BTC/USD. In a tweet on Jan. 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, eyed Bitcoin’s position relative to its 20-week moving average, noting that historically, current levels have marked a turning point. McGlone: Bitcoin “a bit extended” at all-time highs Still hopeful for Bitcoin to weather a macro storm this year, McGlone’s data places BTC/USD at the same position in which it halted downtrends in…

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Ark Invest to split ‘60% Bitcoin, 40% Ether’ as confidence in ETH grows ‘dramatically’

[ad_1] Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future. Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investment’s future exposure to crypto was likely to be around 60% Bitcoin and 40% Ethereum. Wood made the comments Monday, during a live stream at the SALT Conference in…

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