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Bloomberg Foresees Bitcoin Rallying to $400K This Year – Yahoo Finance

Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013, following prior…

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How high can bitcoin fly in the ongoing bull run? That’s a question on traders’ minds after the cryptocurrency’s price jumped fivefold since October. 
According to Bloomberg bitcoin (BTC) analysts, the price could climb as high as $400,000 this year, from about $56,000 now. The uber-bullish prediction is based on bitcoin’s performance during the 2017 and 2013 bull runs. 
“Our graphic depicts bitcoin on similar ground as the roughly 55x gain in 2013 and 15x in 2017,” Bloomberg Crypto noted in a monthly…

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