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Bitcoin facing ‘Christmas Grinch’ crash to $50,000, warns strategist
Although Bitcoin (BTC) is attempting to recover from the recent downturn, a strategist is warning that the flagship digital currency could face …
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin facing ‘Christmas Grinch’ crash to $50,000, warns strategist
Although Bitcoin (BTC) is attempting to recover from the recent downturn, a strategist is warning that the flagship digital currency could face sustained downward pressure into December. According to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin could drop to $50,000, citing a confluence of macro forces, he said in an X post on November 28. In outlining his outlook, McGlone noted that Bitcoin’s slide relative to gold h…
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