Bitcoin News

Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns

2 hours ago

Bloomberg Intelligence senior commodity strategist

Bloomberg Intelligence senior commodity strategist Mike McGlone said bitcoin could still fall back toward and potentially below the $10,000 area, arguing that crypto remains trapped in a broader macro unwind tied to deflationary pressure, overstretched risk assets and what he described as excess across the digital-asset complex.

Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com

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