Bloomberg strategist: Bitcoin faces reversion pressure and may fall to $10,000
According to TechFlow, on December 17, Bloomberg Intelligence strategist Mike McGlone stated that after the positive factors such as ETF, regulatory approval, and mainstream adoption have been realized, bitcoin may face downward pressure and its price could potentially fall back to around $10,000. He pointed out that the surge in the number of crypto assets and the fact that market expectations have already been fully priced in have changed the short-term risk-reward structure.
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