The Daily Hodl
2023-01-16 23:05:31

Bloomberg Analyst Says Bitcoin Bottoming Out Like 2018 Amid ‘Unprecedented’ Macro Climate

Bloomberg Intelligence senior macro strategist Mike McGlone says Bitcoin (BTC) is forming a bottom similar to 2018 but under very different macroeconomic conditions. In a new interview with Scott Melker, McGlone compares Bitcoin’s recent rally into the $20,000 range to BTC’s bottom formation in 2018 at the $5,000 price level. “We’re still pulling liquidity from The post Bloomberg Analyst Says Bitcoin Bottoming Out Like 2018 Amid ‘Unprecedented’ Macro Climate appeared first on The Daily Hodl .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.