$100K or Bust: Bloomberg Strategist Warns Bitcoin Could Collapse 50%

As Bitcoin undergoes a short-term correction, a divided market outlook emerges. Some experts warn that a break below the psychological $100,000 level could trigger a further plunge to $56,000. On the other hand, on-chain data analysts suggest the current downturn is a healthy adjustment. McGlone Identifies $100K as Critical Support Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, recently asserted on a podcast that $100,000 represents a profoundly significant price support for Bitcoin source: https://beincrypto.com/100k-or-bust-bloomberg-strategist-warns-bitcoin-could-collapse-50/