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From 'Digital Gold' to $10,000: Bloomberg Strategist Flags Crucial Bitcoin Sell Signals
Bloomberg's Mike McGlone warns Bitcoin's tight correlation with S&P 500 and pending Fed hikes spark sell signals targeting a potential drop to $10,000.
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BITRSSNew Bitcoin Crash Ahead? Bloomberg Strategist Warns of $10,000 as 3 Alarming Sell Signals Flash
Bitcoin is rapidly shedding its image as independent “digital gold” and increasingly behaving like a high-risk stock market proxy, according to Bloomberg Intelligence senior macro strategist Mike McGlone in a new analysis. McGlone argues that Bitcoin’s growing sensitivity to U.S. equity moves could expose it to a fresh wave of selling. With tighter Federal Reserve policy adding pressure, the strategist believes BTC could drop painfully to $10,00…
Bloomberg Intelligence: Bitcoin Could Fall to $10,000. Will the Halving Cycle Fail? BitHub.pl
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Cryptocurrency News | Cryptocurrency Prices | Market CapFrom 'Digital Gold' to $10,000: Bloomberg Strategist Flags Crucial Bitcoin Sell Signals
Bloomberg's Mike McGlone warns Bitcoin's tight correlation with S&P 500 and pending Fed hikes spark sell signals targeting a potential drop to $10,000.
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