What comes next for Bitcoin, $20K or $32K?
At the time of writing, BTC/USD traded at around $29,300 on Bitstamp.On macro, the picture remained broadly similar to recent weeks: stocks under pressure amid an ongoing surge in U.S. dollar strength.The U.S. dollar index hit 105 on May 13, and as of May 16, was attempting to retest that level, which saw a rejection at the time.
For Bloomberg Intelligence chief commodity strategist Mike McGlone, there were comparisons to be made with the dotcom bubble.
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