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Today, January 26, 2024, the Youtube channel Only The SAVVY has published a new content with the title "This Correlation Is Telling Us Exactly What's Coming With Bitcoin" | Mike McGlone. If you want to watch this video in streaming, you have come to the right place!
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For your information, you can find below the description of the video "This Correlation Is Telling Us Exactly What's Coming With Bitcoin" | Mike McGlone published by the Youtube channel Only The SAVVY:
Bitcoin is currently sitting at $40,114.56, which is down 2.3% in the past 7 days, but it’s up from an earlier drop when it hit the $39,000 range. The institutional money from the Bitcoin ETF doesn’t seem to have reflected into Bitcoin’s price action yet, as many have anticipated. Many experts and pundits are waiting patiently for Bitcoin’s price to jump but Investor Mike McGlone has a contrary view on Bitcoin’s price action. In an interview with Verified Investing, McGlone gave his take on why he believes Bitcoin’s price action will continue to drop in the near future. McGlone believes that based on previous data with Gold and the S&P 500, Bitcoin's relationship to each of those important indices shows that unfortunately, Bitcoin’s price will continue to fall before we see it rise again.
To watch the full interview:
https://www.youtube.com/watch?v=NNmuP4xX3h8
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