Mike McGlone
Mike McGlone|Sep 23, 2026 09:30
Bitcoin High-to-Low Price-Cure? $100,000 - $60,000 Since its first month-end close above $100,000 in January 2025, Bitcoin has shown signs of a high-price cure akin to crude oil's first move above $100 a barrel in 2008. Has the crypto's low-price cure been achieved near $60,000 in 2026? My bias leans to unlikely, and the graphic highlights top reasons: the record-setting stock market and too much competition for non-income-producing assets from the US Treasury 10-year yield's move above 5% in 3Q. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tlt7yakgzaip {BI COMD} #Bitcoin #bonds #stocks @BBGIntelligence
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