👻 Bloomberg has suggested that Bitcoin could drop to $10 000 if the US stock market enters a full-fledged bear phase.
Strategist Mike McGlone believes that overvalued stock valuations, abnormally low volatility, and capital flows into gold and silver increase risks, and in a reversal scenario, BTC could initially retreat to $56 000, and in a negative scenario — significantly lower.
He cites recession and the peak of the American stock market as key triggers.
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👻 Bloomberg has suggested that Bitcoin could drop to $10 000 if the US stock market enters a full-fledged bear phase.
Strategist Mike McGlone believes that overvalued stock valuations, abnormally low volatility, and capital flows into gold and silver increase risks, and in a reversal scenario, BTC could initially retreat to $56 000, and in a negative scenario — significantly lower.
He cites recession and the peak of the American stock market as key triggers.