Bloomberg senior analyst Mike McGlone pointed out that in the current situation, Bitcoin (BTC) may continue its decline.
Mcglone posted on his official social media account on May 8, in the shipmentfor risk assets worst of the scenario didn’t happen Assuming Bitcoin to the decline continue that you can and to other beings on this way can lead suggested.
Senior analyst during the global financial crisis Nasdaq 100 (NDX) from late 2021 to December in Bitcoin until 55% against a fall 35% value lost ever since slow One drop your expectations has alleviated stated.
Moreover McGlone, seen in stock markets of 2023 from the beginning May continuing until 20% off Bitcoin against the rise 70% One by gaining value with stock markets in a similar direction even though it moves of bitcoin more volatile movements demonstrated that.
In this context, the senior analyst, The US Federal Reserve (FED) in may tight monetary policies to herd to continue And risk assets inflation to alleviate to help not falling in case of a lose-lose of the scenario may occur stated.
on the other hand McGlone, NDX And BTC between positive correlation 0.42 with all time to its highest level increasingly close that and of liquidity post pandemic from the abundance of liquidity rapidly since to fall He said he continues.
According to Coinecko data, the latest 30 days in 1.4% depreciating bitcoin, end 24 per hour 1.4% at the time of writing 27,569 traded at the dollar level.