Leading crypto, Bitcoin (BTC), finds itself under the scrutiny of a senior macro strategist at Bloomberg. With a foresight that carries significant weight, this strategist unveils an alarming price prediction, suggesting that the ongoing decline in Bitcoin’s value might persist in the foreseeable future.
In the most recent edition of his report titled “Crypto Outlook, June 2023,” Mike McGlone presents a viewpoint that indicates Bitcoin may not have yet overcome its most challenging phase.
McGlone asserts that considering the prevailing patterns, multiple factors influencing the cryptocurrency market, and the US Federal Reserve’s inclinations, the future prospects for Bitcoin seem to lean towards a bearish trajectory.
Concerns Over Bitcoin’s Price Reversion Risks
In his latest analysis, McGlone draws attention to the historical trading patterns of Bitcoin. McGlone emphasizes that at the…
