Bloomberg senior analyst Mike McGlone compared the current situation of Bitcoin (BTC) with the 2018 bear market, noting that the bottoms are similar.
Mike McGlone with Bitcoin’s 2018 bear market bottom show similar behavior a remarkable post shared. In his post, the senior analyst said, 5,000 dollars with the current level 20,000 He talked about the similarities of the dollar level and claimed that $15,000 could be the bottom by comparing the two periods.
McGlone in 2018 3 thousand dollars reacting from the bottom level In the band of 5 thousand dollars accumulating Bitcoin, now also 15 thousand dollars response from the level 20 thousand dollars arguing that it rises and can enter the accumulation process here. 15 thousand dollarsHe said it could be the bottom.
According to McGlone FED It has not yet finished the toughest tightening policy supported by many central banks that has not been discussed in history. Therefore, although the data is at a low Confirmed at $15,000 band According to the analyst, recovery may not be that easy.
2018-2019 Reminding the days when Bitcoin made a bottom level and then started to rise, the analyst said that he gradually abandoned the tightening policy of the FED at that time. relaxation orientation reminded me of it. Stating that the policy of the FED remains uncertain in the current situation, McGlone told investors before their decisions. to be careful invited.
