$60,000 Bitcoin Bottom Suddenly Looks 'Unlikely': Top Bloomberg Strategist
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4 Articles
The stabilization of Bitcoin around $60,000 may not be the ultimate minimum. Mike McGlone, Bloomberg Intelligence’s senior raw materials strategist, warns that Treasury bonds with yields of close to 5% and US shares in historic peaks can reduce the attractiveness of non-performing assets.
Bitcoin Price Could Face Sharp Reversal Bloomberg Analyst Warns
The post Bitcoin Price Could Face Sharp Reversal, Bloomberg Analyst Warns appeared first on Coinpedia Fintech News Bitcoin has climbed back above $86,000, but Bloomberg Intelligence senior commodity strategist Mike McGlone is warning that the recovery could face another sharp reversal. McGlone sees Bitcoin caught between the $100,000 area and a potential return toward $60,000, citing high Treasury yields, stock-market risks and weaker support fr…
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