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Mike McGlone says boom-bust pattern is spreading across Bitcoin and commodities

NewsFeeds update

Bloomberg Intelligence macro strategist Mike McGlone said Bitcoin and commodity markets increasingly show sharp rallies followed by steep declines, citing silver's roughly 60% first-quarter surge and subsequent fall. He had earlier said Bitcoin could drop to $10,000 if US stocks correct 20%.

BitcoinCoinNessAIBearish

Read the original on CoinNess

The story so far: Mike McGlone Bitcoin outlook

Bloomberg senior analyst Mike McGlone warned Bitcoin could fall to about $10,000 if US stocks slump 20%, citing record risk-free returns and a falling 50-week moving average. He later said Bitcoin's weak performance against Treasuries may signal its prime has passed. He now says Bitcoin's downtrend may signal further…

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  1. Bloomberg analyst Mike McGlone says Bitcoin could fall to $10,000 if US stocks drop 20%

  2. Mike McGlone says Bitcoin's flat run against the S&P 500 may warn on risk assets

  3. Mike McGlone says Bitcoin may be losing its edge to US Treasuries

  4. Mike McGlone says a 20% US stock correction could send Bitcoin down $10,000

  5. Mike McGlone says boom-bust pattern is spreading across Bitcoin and commodities

  6. Mike McGlone says Bitcoin bear market may signal further falls in stocks and gold

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.