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Bloomberg Strategist Warns of ‘Sell-the-News’ Event Sending Bitcoin to $10K
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- Bloomberg’s Mike McGlone predicts Bitcoin could crash 90% to $10,000 as macro risks.
- Analyst cites “sell-the-news” dynamic after ETF approvals and MicroStrategy’s 10x gains.
- McGlone warns the majority of 28 million altcoins will go to zero amid S&P 500 correction.
Bitcoin (BTC) price has topped out and is on the cusp of a major crash to $10k. This is according to a bold prediction released by Mike McGlone, a senior commodity strategist at Bloomberg Intelligence.
“Own it or wear it, I expect Bitcoin to revert back toward $10,000,” McGlone stated..
Related: Why Bitcoin Stays Volatile After the Latest US Jobs Report
Bitcoin Path to $10k: McGlone Blames Sell-the-News Traders
According to McGlone, Bitcoin price is in a bear market, and the odds of a 90% crash to $10k are high. He compared the current Bitcoin price action with 2019, and the post-2007 market…
Read The Full Article Bloomberg Strategist Warns of ‘Sell-the-News’ Event Sending Bitcoin to $10K On Coin Edition.
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Bitcoin Must Break $88K or Risk Drop Toward $80K, Analysts Warn
Bitcoin Price Prediction: BTC Extends Fragile Phase as Technical Pressure, Flows, and Macro Signals Converge
Bloomberg Strategist Warns of ‘Sell-the-News’ Event Sending Bitcoin to $10K
Поделиться:
- Bloomberg’s Mike McGlone predicts Bitcoin could crash 90% to $10,000 as macro risks.
- Analyst cites “sell-the-news” dynamic after ETF approvals and MicroStrategy’s 10x gains.
- McGlone warns the majority of 28 million altcoins will go to zero amid S&P 500 correction.
Bitcoin (BTC) price has topped out and is on the cusp of a major crash to $10k. This is according to a bold prediction released by Mike McGlone, a senior commodity strategist at Bloomberg Intelligence.
“Own it or wear it, I expect Bitcoin to revert back toward $10,000,” McGlone stated..
Related: Why Bitcoin Stays Volatile After the Latest US Jobs Report
Bitcoin Path to $10k: McGlone Blames Sell-the-News Traders
According to McGlone, Bitcoin price is in a bear market, and the odds of a 90% crash to $10k are high. He compared the current Bitcoin price action with 2019, and the post-2007 market…
Read The Full Article Bloomberg Strategist Warns of ‘Sell-the-News’ Event Sending Bitcoin to $10K On Coin Edition.
В этой новости
Монеты
$ 86.86K
-1.01%Поделиться:
В этой новости
Монеты
$ 86.86K
-1.01%Поделиться:
Читать больше
Bitcoin Must Break $88K or Risk Drop Toward $80K, Analysts Warn