Bitcoin Faces Downside Risk 🟡Bloomberg analyst Mike McGlone warns that Bitcoin may be on the verge of another major decline, drawing parallels to the 2018 market collapse. Despite a brief stabilization near $92,000, elevated volatility and ongoing outflows from BTC spot ETFs continue to pressure the market, triggering forced liquidations. 🟡According to McGlone, a breakdown below the critical $90,000 support could open the way toward $50,000 — and potentially much lower. Institutional skepticism, previously emphasized by analyst Noelle Acheson, further reinforces the probability of a deep correction. https://crypto-jazz.com/bitcoin/2025/11/20/bitcoin-faces-downside-risk/
Bitcoin Faces Downside Risk
🟡Bloomberg analyst Mike McGlone warns that Bitcoin may be on the verge of another major decline, drawing parallels to the 2018 market collapse. Despite a brief stabilization near $92,000, elevated volatility and ongoing outflows from BTC spot ETFs continue to pressure the market, triggering forced liquidations.
🟡According to McGlone, a breakdown below the critical $90,000 support could open the way toward $50,000 — and potentially much lower. Institutional skepticism, previously emphasized by analyst Noelle Acheson, further reinforces the probability of a deep correction.
https://crypto-jazz.com/bitcoin/2025/11/20/bitcoin-faces-downside-risk/
