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Bitcoin Price Could Face Sharp Reversal, Bloomberg Analyst Warns

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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 from traditional markets. Mike McGlone Warns of a …



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