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Bloomberg Analyst’s Frightening Scenario for Bitcoin (BTC): A New Downturn May Be Imminent! Here Are the Details

Bloomberg Analyst’s Frightening Scenario for Bitcoin (BTC): A New Downturn May Be Imminent! Here Are the Details

Photo: Bitcoin Sistemi

The cryptocurrency market has recently been talking about the $6.3 billion hack suffered by Binance, the world's largest cryptocurrency exchange, and the US midterm elections taking place today. Following the Binance hack, Bitcoin fell to the $76,000 level, while altcoins also experienced significant declines. In this context, while uncertainty continues for BTC and altcoins, a Bloomberg analyst stated that the possibility of Bitcoin falling to $10,000 still exists. Appearing on The Wolf Of All Streets podcast, Bloomberg Intelligence senior strategist Mike McGlone argued that many assets, including Bitcoin and gold, may have already peaked and that a major market correction…

Source: Bitcoin Sistemi

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