![Bloomberg analyst Mike McGlown (Mike McGlone) believes that Bitcoin can continue to grow to $20 000, but then the first cryptocurrency awaits a period of consolidation.Mike McGlown noted that this year, amid the pandemic, the COVID-19 gold exchange rate updated the historical maximum above $2 000 per ounce, and then went into the consolidation phase. The analyst believes that the Bitcoin exchange rate will show similar behavior, but after some pullback and accumulation phase, significant growth may begin."I'm afraid Bitcoin will follow the gold scenario. But if you think about the one-year segment, then at the end of last year it cost $7 000, and now it cost $17 000. And if past successes only precede the future, then within the next year or two it can reach $170 000 , "said McGlown. Mike McGlown: "Bitcoin is waiting for consolidation before continued growth." | INFbusiness](https://newscrypto.net/wp-content/uploads/2020/11/mayk_makgloun_bitkoin_zhdet_konsolidatsiya_pered_prodolzheniem_rosta.jpg)
Mike McGlown: “Bitcoin is waiting for consolidation before continued growth.”
Bloomberg analyst Mike McGlown (Mike McGlone) believes that Bitcoin can continue to grow to $20 000, but then the first cryptocurrency awaits a period of consolidation.Mike McGlown noted that this year, amid the pandemic, the COVID-19 gold exchange rate updated…