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BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst

Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin (BTC) could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a...
BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst © Reuters.
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Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin (BTC) could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a major difference this time around.

During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when financial institutions such as the Federal Reserve were easing interest rates, this time they’re still tightening along with "every central bank."

Graph shared by McGlone showing Bitcoin market prices. Image: YouTube

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06-02-2023 10:43:18 (UTC+7)

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    EUR/USD 1.0795 Sell  
    GBP/USD 1.2057 Neutral  
    USD/JPY 131.85 ↑ Sell  
    AUD/USD 0.6927 ↑ Sell  
    USD/CAD 1.3403 Neutral  
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    Lufthansa 9.902 ↑ Sell  
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