Techub News reports that AMBCrypto quoted Bloomberg strategist Mike McGlone and experienced technical analyst Gareth Soloway sharing their views on the current state of Bitcoin. Gareth Soloway pointed out that as Bitcoin's price fails to break previous highs after the halving event, signs of market weakness are emerging, with smart money exiting while retail investors are entering due to FOMO. He believes Bitcoin needs to hold the critical support level of $60,000, or it could further retrace to $50,000 or even lower. Mike McGlone emphasized macroeconomic headwinds, including a potential stagflation environment, which could put pressure on risk assets like Bitcoin.

BTC1,34%
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