Bloomberg Intelligence’s senior macro strategist Mike McGlone is doubling down on his $100,000 Bitcoin (BTC) prediction but says that the king crypto could encounter a major setback on the way. In a new interview with crypto influencer Scott Melker, McGlone says that he still envisions the king crypto eventually hitting a six-figure price tag but […]
The post Bloomberg Analyst Doubles Down on $100,000 Bitcoin (BTC) Prediction – But There’s a Big Catch appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin (BTC) may face strong headwinds before the end of 2023. McGlone tells his 58,900 Twitter followers that Bitcoin’s recent stall around the $30,000 price level may indicate that unfavorable economic conditions are coming. “Yes, Bitcoin matters – if it stalls, there may be a […]
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Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin (BTC) may run into strong headwinds this year. McGlone tells his 58,800 Twitter followers that a US economic recession is likely coming soon and it could drag down risk assets like Bitcoin and other cryptos. “Notably Negative Liquidity vs. Bouncing Bitcoin – Recessions typically […]
The post Bloomberg Analyst Mike McGlone Issues Bitcoin Alert, Warns One Thing Could Create Headwinds for BTC appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin (BTC) will likely face a big test in the second half (2H) of 2023. McGlone tells his 58,800 Twitter followers that after a strong performance in the first half of the year (1H) Bitcoin will likely have to endure tough recessionary conditions during the next […]
The post ‘True Test’ Coming for Bitcoin (BTC), Warns Bloomberg Analyst Mike McGlone – Here’s the Timeline appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone is warning that Bitcoin’s (BTC) latest rally above $31,000 is running up against a powerful headwind. McGlone tells his 58,500 Twitter followers that he believes recessionary pressures are coming that could cause Bitcoin to retest the $20,000 level. “Bitcoin $20,000 or $40,000? Facing the Fed, Recession, Nasdaq – […]
The post Bloomberg Analyst Mike McGlone Says Bitcoin (BTC) Facing One Massive Headwind As It Hovers Above $30,000 appeared first on The Daily Hodl.
Mike McGlone, Bloomberg Intelligence’s senior macro strategist, isn’t convinced Bitcoin (BTC) is ready for a bull market. McGlone says in a new interview with David Lin that Bitcoin’s price jump in the days following BlackRock’s exchange-traded fund (ETF) application announcement last week has been “hopium.” Last Thursday, BlackRock, the largest asset manager in the world, submitted […]
The post Bloomberg Analyst Mike McGlone Issues Bitcoin Alert, Says BTC To Encounter ‘Major Pressure Factor’ – Here’s Why appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone says that one major factor has him bearish on the crypto markets. In a new interview with crypto analyst Scott Melker, McGlone says that the high interest rates currently offered on US Treasury Bills (T-Bills) is sucking liquidity out of the crypto markets. T-bills are short-term government debt […]
The post Bloomberg Macro Strategist Says US Bonds Sucking Liquidity Out of Crypto and Risk Assets – Here’s His Outlook appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone says that two major catalysts could send Ethereum (ETH) much higher. In a tweet to his 58,000 followers, McGlone says that rising demand for ETH and a declining supply are bullish signs for the smart contract platform. However, the macro strategist says headwinds from continued Federal Reserve rate […]
The post Two Major Catalysts Are a Boon for Ethereum Price, Says Bloomberg Analyst Mike McGlone – But There’s a Catch appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior macro strategist Mike McGlone is predicting that Bitcoin (BTC) will drop lower due to recessionary headwinds. In a new Crypto Outlook edition, McGlone says that the worst may not be over for Bitcoin, predicting a liquidity crunch in the second half of 2023 due to a US recession. “June may show more […]
The post The Worst for Bitcoin (BTC) May Not Be Over, According to Bloomberg Analyst Mike McGlone – Here’s Why appeared first on The Daily Hodl.
Bloomberg Intelligence’s senior commodities analyst Mike McGlone believes that risk assets will be worse off if the US defaults on its debt. McGlone says in a new Wolf of All Streets roundtable discussion that he is bearish on crypto assets and stocks while bullish on gold amid negotiations to raise the US debt ceiling before […]
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