Bloomberg’s Mike McGlone Warns of Possible Bitcoin Reversion

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Bloomberg Intelligence analyst Mike McGlone has raised concerns that Bitcoin could face a deeper correction despite strong performance in traditional financial markets. Drawing comparisons to the 2018 downturn, when Bitcoin fell from around $10,000 to near $3,000, McGlone argues that similar signs of price reversion are emerging after Bitcoin’s rise above $100,000. He noted that …