The post Bitcoin Price Could Face Sharp Reversal, Bloomberg Analyst Warns appeared first on Coinpedia Fintech News

Bitcoin has climbed back above $86,000, but Bloomberg Intelligence senior commodity strategist Mike McGlone is warning that the recovery could face another sharp reversal. McGlone sees Bitcoin caught between the $100,000 area and a potential return toward $60,000, citing high Treasury yields, stock-market risks and weaker support from traditional markets. Mike McGlone Warns of a …