Bloomberg Intelligence strategist Mike McGlone warns that Bitcoin's current $60,000 price level is not a true bottom, citing competition from rising U.S. Treasury yields above 5% and record-high stock markets that draw liquidity away from crypto. He compares Bitcoin's situation to the 2008 crude oil price drop after surpassing $100 a barrel, suggesting Bitcoin could face a prolonged downturn. The strategist predicts a significant correction in U.S. stocks is needed before Bitcoin finds a real bottom, which he estimates around $10,000, presenting a future buying opportunity for large investors.
The discussion about Bitcoin's price floor comes as BTC trades at Rp1.530.655.328 on Pluang, showing a slight 0.24% decrease as of Sep 23, 2026 18:03 WIB. Market activity remains balanced with 54% of orders to buy and 46% to sell, while typical holders keep their positions for around 110 days. This snapshot highlights ongoing cautious sentiment among investors amid broader market uncertainties.
Shiba Inu (SHIB) surged 24% over the past week, climbing back above $0.0000061 as a broader cryptocurrency recovery pushed Bitcoin above $86,000. The rally is supported by falling oil prices following Iran's proposal to open the Strait of Hormuz, whi...
Bitcoin traded near $86,000 on September 23, gaining 1.3% despite a 36% drop in 24-hour trading volume to $38 billion. Crypto futures volume also fell 21% to $227 billion, while open interest in derivatives contracts rose slightly by 1% to $159.4 bil...
Bitcoin's Market Value to Realized Value (MVRV) ratio has crossed above its 365-day moving average, a signal that preceded the last two major bull markets in 2019 and 2023. This momentum indicator suggests a shift toward bullish sentiment as Bitcoin ...
Bitcoin traded near $87,200 following US officials' positive meeting with Iran, sparking a 14% weekly price gain from $75,600. CryptoQuant founder Ki Young Ju predicts a more mature bull cycle with 3-5x gains, down from previous 10x rallies, citing s...
Since 2010, bitcoin has faced 478 public declarations of its demise from figures like Peter Schiff, Warren Buffett, and institutions such as the European Central Bank. Despite these calls, $1,000 invested at each major 'bitcoin is dead' moment would ...
