Analyst sees ‘signs of maturation,’ resistance at $100,000, for Bitcoin in 2022
Bitcoin and the cryptocurrency market have been volatile from the beginning. But, the last few months have particularly been a wild ride. Compared to other assets, for instance, the traditional equity market, the volatility factor for BTC is pretty aggressive.
The question here is why is it so? Well, simply because it is still at a very nascent stage compared to other forms of investment tools and currency.
The result of this newness is high volatility in the industry. However, despite the fluctuations, crypto enthusiasts remain undeterred from their bullish narrative.
Bloomberg Intelligence chief commodity strategist Mike McGlone opined that BTC will carry its bullish momentum in the next year irrespective of temporary price correction(s). He
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