Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC) and broader crypto markets may still be far from a true bottom, warning that excessive speculation and stretched risk markets could trigger a deeper reset. Bitcoin in “Purge Mode“ Speaking in a CoinTelegraph interview on June 2, McGlone argued Bitcoin remains stuck in a broader « purge mode, » with the next major support zone likely around $50,000 before potentially falling toward $10,000 longer term.
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