Bloomberg’s McGlone thinks Bitcoin could hit $170K over the next two years

(BTC) has risen to rarely seen price highs, currently stalling between $17,000 and $18,500 before deciding on its next move. Gold recently broke all-time U.S.-dollar price highs, surpassing $2,000 per ounce before pulling back and consolidating in price. Bloomberg Intelligence strategist Mike McGlone thinks the same could happen with BTC.

“Short term, $20,000 is pretty good resistance,” he said in a Bloomberg interview on Wednesday.

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