Chief commodity strategist at Bloomberg Intelligence Mike McGlone has shared a screenshot from his recently published report. He believes Bitcoin is likely to resume growing this year. However, it may first revisit old levels below the current price mark. "BTC may revisit support at $12k-$10k" The report shared by McGlone, the part that speaks about Bitcoin in particular, says that the hard global economy slowdown (whose potential has been rising sharply as of late) could become a "top performance factor" for the cryptocurrency in 2023. Per Bloomberg Intelligence, Bitcoin is likely "to come out ahead" in the majority of scenarios they have been looking at. However, per their data, economic growth is going to fall sharply and that will also hit all assets, including crypto. Therefore, McGlone assumes that the flagship digital currency Bitcoin is likely to revisit its old support at the $12,000-$10,000 levels before it resumes "its enduring upward price trajectory." Ethereum may outperform Bitcoin, per Bloomberg's report According to the same report shared by McGlone, he expects Ethereum to outperform Bitcoin this year. The performance of the second largest crypto compared to Bitcoin has been promising, the report says, even though there have been no big price actions for ETH in 2022 The promising potential of Ethereum may have been assumed due to Ethereum's long-awaited Merge upgrade in mid-September as the network switched to the proof-of-stake consensus protocol. #bitcoinworld #bitcoincharts #antminers #bitmex #blockchainwallet #cryptocurrencynews #invest #cryptoinvestment #bitcointrade #poloniex #antminer #bch #cryptomeme #bitcointechnology #cryptocommunity #cryptopsy #instaethereum #bitcoinwallet #bitcoinmining https://www.instagram.com/p/CnY_-yCKIEd/?igshid=NGJjMDIxMWI=
