Bitcoin Predictions from Bloomberg Analyst McGlone: “By Monday Morning…”

The increasing selling pressure and weakening investor confidence in the cryptocurrency market in recent weeks are also being reflected in the pronouncements of prominent ￰0￱ senior analyst Mike McGlone issued a stark warning in his assessment of Bitcoin's current ￰1￱ and fund manager James Lavish summarised the market mood, saying: Sentiment towards Bitcoin appears to be at an all-time low. Long-term investors have sold over 400,000 BTC in the last month ￰2￱ this, the price is still above $100,000. Related News: Donald Trump's Son Eric Trump Makes Another Bitcoin Price Prediction - “A World-Class Asset” However, McGlone responded by saying that this level may not be maintained for ￰3￱ to the Bloomberg analyst, Bitcoin is losing critical technical levels: “In my opinion, Bitcoin won't stay above $100,000 for ￰4￱ opened below the 200-day moving average in the US morning hours on Monday, November ￰5￱ level is now a strong resistance level around $110,000.

Bitcoin could wake up below $100,000 on Monday, November 10th.” McGlone highlighted not just Bitcoin but the entire crypto ￰6￱ noted that Strategy crashed, while the Bloomberg Galaxy Crypto Index is down 1 percent through 2025, the S&P 500 is up nearly 16 percent. *This is not investment ￰7￱ Reading: Bitcoin Predictions from Bloomberg Analyst McGlone: “By Monday Morning…”