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The Daily Hodl 2023-10-05 11:45:58

Bitcoin Could Plunge by Over 60% as One Massive Risk Looms, According to Bloomberg Analyst Mike McGlone

Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) could be staring down the barrel of a 60% price plunge. McGlone says the key indicator for BTC is that liquidity remains negative and global rates continue to rise “despite recession signals.” The analyst still believes the US will endure a recession by the end The post Bitcoin Could Plunge by Over 60% as One Massive Risk Looms, According to Bloomberg Analyst Mike McGlone appeared first on The Daily Hodl .

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