PANews February 19 News, according to CoinDesk, Bloomberg Industry Research Analyst Mike McGlone previously predicted a decline in Bitcoin’s price but was criticized for being overly alarmist and posing too high a risk to investors. Subsequently, McGlone raised his Bitcoin downside target from $10,000 to approximately $28,000.
McGlone believes that based on historical price distribution, $28,000 is a more probable level and maintains that his analysis explains why investors should avoid Bitcoin and other risk assets.
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