Bloomberg strategist Mike McGlone has issued a warning that Bitcoin might experience a significant correction, potentially dropping to $10,000. McGlone noted that bullish factors such as ETF approvals and regulatory clarity have already been factored into the market, leading to a saturated expectation environment. As a result, the risk-reward balance has shifted, increasing the likelihood of a downturn.
With this potential correction in mind, traders are beginning to focus on altcoins, seeking opportunities amid the changing market sentiment. The shift in attention suggests a growing interest in diversifying portfolios as Bitcoin's outlook becomes more uncertain.
Bloomberg Strategist Warns Bitcoin Could Fall to $10,000
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