By Bibhu Pattnaik Bloomberg’s macro strategist Mike McGlone says that he believes incoming recessionary pressures could cause Bitcoin to retest the $20,000 level. McGlone warned that Bitcoin’s recent rally above $31,000 is running against a powerful headwind. “Bitcoin $20,000 or $40,000? Facing the Fed, Recession, Nasdaq – Potential launch of U.S. ETFs won’t shield Bitcoin from facing its first U.S. recession, a potential […]
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