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Bitcoin Tipped for Six-Month Bullish Recovery, Goldman Sachs Performs First Asian Futures Trade
After closing Q2 of 2022 as its worst quarter in the last 11 years, analysts are beginning to hint at an end to Bitcoin’s woes. Senior commodity strategist Mike McGlone says Bitcoin has shown signs identical to the bottom of 2018.
According to McGlone, Bitcoin could spend the next six months on an uptrend as the 50-week, and 100-week moving averages are now showing bullish signs. When Bitcoin bottomed at $3,200 in 2018, it rallied up to $13,000 in the next 6 months.
Global Banking giant Goldman Sachs continues its Bitcoin adoption, executing the first block trade of Bitcoin (BTC) futures in Asia. The futures trade was conducted through GFI Securities LLC, a subsidiary of BGC Partners (NASDAQ:BGCP).
According to Goldman Sachs, the trade is the first-ever...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...