Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI
Back to NewsFeeds

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

NewsFeeds update

The Bloomberg Intelligence senior commodity strategist said Bitcoin's 50-week moving average shows a downtrend and that, historically, other risk assets may follow it lower. He said gold's volatility is about 2.2 times the S&P 500's annualised volatility, the highest since 2007.

BitcoinChainCatcherAIBearish

Read the original on ChainCatcher

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…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  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

More Bitcoin updates

  1. Bitcoin breaks above $76,000, up 0.31% on the day

    BitcoinPANewsAIBullish

  2. Bitcoin and ether funding rates stay neutral as market steadies, CoinGlass data show

    BitcoinChainCatcherAINeutral

  3. Analyst Ai Yi says hacker address's 20x ETH short and BTC long total about $20m

    BitcoinOdailyAIBearish

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.