Bitcoin at $75.6K as McGlone flags sub-$80K selloff risk
Bitcoin has slid to $75.6K after a 6% dump, and Bloomberg's Mike McGlone says a loss of $80K could set off a selling cascade into year-end. Cointelegraph reported the warning while asking whether it's a real risk or a bottom signal.
Bitcoin is trading at $75.6K after a 6% dump, according to Cointelegraph. That puts it below the $80K level Bloomberg's Mike McGlone is watching. His warning: losing that line could trigger a selling cascade into year-end.
Cointelegraph framed the setup as a direct question: real warning or bottom signal? The outlet did not declare which. It put the $80K threshold and the year-end cascade risk on the table.
The price move is already stark. Bitcoin's 6% drop has pushed it to $75.6K, below the level McGlone highlighted. That makes the $80K zone the immediate line in focus.
For now, the story is the warning and the price action. McGlone sees a possible selling cascade into year-end after the loss of $80K, according to Cointelegraph. Whether that's a real threat or a bottom signal remains the open question.
TopicsMike McGlone · Bloomberg · Bitcoin · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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