McGlone Warns SPX Pullback Could Send Bitcoin Price to $10K
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, stressed that high stock prices and upcoming interest rate hikes suggest bitcoin’s price may retrace.
Market Pulse
Bitcoin’s slide below $77,000 sets up a Monday tech test as AI leaders sound warning
8% decline extends earlier weakness, while AI slowdown calls and the coming Fed meeting pose separate risks
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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
Analysts Think Bitcoin is Less Than $5,000 Away From a Bull Market
Bitcoin sits $4,500 below a bull market confirmation as whales sell the rally and US funds stay out
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