Bloomberg macro strategist #MikeMcGlone said the looming recession will force the price of Bitcoin $BTC to retest the $20,000 level.

McGlone also noted that the major #cryptocurrency is lagging behind the recent surge in the Nasdaq 100 stock index, which may have peaked, and FF13 fed fund futures are not showing the potential to additionally boost liquidity.

#bitcoin

Bull
70%
Bear
30%
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