bitcoin
$10K Bitcoin Path: Strategist Warns Failure to Hold $100K Signals End-Game Risk
📰 sources⭐ 8.0
TL;DR:
Bitcoin could face a deep, prolonged slide toward $10,000 if it fails to hold above $100,000, signaling a potential late-cycle peak and broader risk-asset reversal, according to Bloomberg Intelligence strategist Mike McGlone. $10K No Longer Unthinkable if $100K Fails, Strategist Warns Bloomberg Inte...
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.