Bloomberg strategist names Bitcoin 'Young Bear'

Mar 6, 2026, Bloomberg's Mike McGlone predicts Bitcoin may fall to $50,000 in 2026 due to reversion, geopolitical tensions, and weak market structure.

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$BTC is holding $79,226.70 (+1.69%), recovering sharply after sweeping liquidity at the $62,240 bottom.

Technical Highlights:

Base Building: Price held firm above key lower support and has now climbed back above the Bollinger Middle Band ($77,851.60).

Upper Band Target: Price is retesting the Upper Bollinger Band ($80,074.00), building momentum for a potential breakout toward local highs.



#Bloomberg strategist names Bitcoin 'Young Bear'

#BitBoy faces $2.8M defamation judgment

#Ethereum launches Glamsterdam testnet

#New York sues Kalshi over gambling claims

#Japan's yen intervention fades



$HOUSE

$AEVO

$AGIX2L

$ELIZAOS


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🚨 $VELVET SHORT SETUP 🚨


Entry Zone: $0.50 – $0.51

🎯 TP1: $0.484

🎯 TP2: $0.472

🎯 TP3: $0.440

🛑 Stop Loss: $0.525


$VELVET is showing bearish momentum near resistance. As long as price remains below the stop-loss level, sellers remain in control. Watch for increased volume on the downside, which could accelerate the move toward the target zones.$VELVET $HUMA $MANYU #Bloomberg strategist names Bitcoin 'Young Bear' #Solana ETFs see outflow

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#BTC This failure to back test the initial breakout did not sit well with me. Its gotta be confirmed just does ... "65689.3" 🙏🏿🫡

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Hello everyone! Welcome to day 14 of our Technical Analysis challenge! Today we will be learning what is called “BACKTESTING” What is BACKTESTING? Backtesting is the testing of your trading strategy on past market data to see if it works. Instead of guessing, you use historical charts to validate your strategy. Professional traders rely heavily on this. Why Backtesting Is Important Backtesting helps you: - Know if your strategy actually works - Build confidence in your system - Understand win rate - Improve entries and exits Without backtesting, trading becomes emotional and random. What To Track During Backtesting Create a simple journal. Record these: - Entry price - Stop loss -Take profit - Risk-to-reward ratio -Trade result (Win or Loss) #FOREX #CRYPTO #BTC #ETH

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Im not Comparing All Pattern/Fractal Blindly. I see the context, condition, Macro situation, and so many factors, before i can say “Maybe this one is similar”. $BTC Im Not really Interested in long position, but maybe will Scalp if i get momentum and Trigger to execute my trade on LTF BUT, im not chasing Long, i will wait with patience. This pivot is range when we will get another pull back down and perform higher low / Local Top. I only give you an statistical of Probability Objective data, not advice, do whatever you want 🍷

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After months of the crowd chasing heat, the MVRV Z-Score just cooled back to 0.52 (+23% today) and landed in that boring middle zone where Bitcoin quietly reloads. No euphoria, no capitulation, just $BTC doing what it does best: shaking out tourists while the patient stack sats 😐

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Theory why I think the bottom is in for $BTC Last bull run kicked off august 2020, and hit bottom nov 2022. The gap between august and November was about 22% (august 12.5k and November 15.5k). Today we had a very similar price action, after the first major impulse BTC hit 48k in Jan 2024 before settling a little and running another major impulse to ATH eventually. After months of down only BTC hit bottom in Feb 2026 just under 60k. The price difference gap between 48k and 60k is about 22%, the same we seen last cycle. This could indicate we have hit the bottom and the gap won't get closed like I didn't last time.

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If they push the "Clarity Act", I expect Hidden Bullish Divergence to play out for more TAKE PROFITS opportunities before the historical CRASH... Only if they push this narrative. If not, PINK BOX WILL BE TARGET! (Watch majority get REKT even more 🙏🙏) $BTC $ETH $XRP

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END OF MY TRADES! As I explained yesterday, if the price fails to hold $70,000—and especially if the Strait of Hormuz isn’t secured by the U.S. Navy, which would drive oil prices higher—I’d rather close my trades now, even though I still have room before my stop-losses are hit. It’s better to lose a little than to lose a lot. I’ll wait for Trump to move to phase two and for BTC to reclaim $72,300 before re-entering the same trades. Until then, I’m staying out entirely. First false start—but the second one will be the right one. Trump can’t afford to leave things as they are; his reputation and credibility are on the line. Even if he wins this conflict, his goal of securing low-cost energy is falling apart, and it will only get worse. Good luck to him in the midterms if he doesn’t act soon. I’m targeting $72,300, but if an initial convoy is successfully dispatched and BTC hasn’t reached that level yet, I’ll likely enter earlier. I explained all this in yesterday’s video. Wait & See