Mike McGlone maintains bearish stance on Bitcoin, forecasting a drop below 10,000 USD

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasizes his bearish stance on Bitcoin, anticipating a decline to below 10,000 USD. In contrast, some analysts expect BTC to fluctuate between 60,000 USD and 70,000 USD, with brief surges towards 80,000 USD seen as temporary.

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