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Mike McGlone’s Scorched Earth Prediction: $56K Bitcoin in the Horizon

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, has warned that after losing the $100K level, bitcoin could sink even deeper, reaching $56K. McGlone states that this would be consistent with the beha...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Mike McGlone’s Scorched Earth Prediction: $56K Bitcoin in the Horizon
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, has warned that after losing the $100K level, bitcoin could sink even deeper, reaching $56K. McGlone states that this would be consistent with the behavior of the asset in similar bull runs that happened before. Bloomberg’s McGlone Believes $56K BTC Possible if $100K Level Is Lost The […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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