Bloomberg strategist: Bitcoin price is now at extreme 'discount'

09/21 23:26

Mike McGlone, the Bloomberg Intelligence senior commodity strategist, tweeted that how much worse for Bitcoin, crypto crash? He said that The steepest Bitcoin discount on Sept. 20 since its 200-week moving average could be calculated shows the extremity of the crypto crash and risk vs. reward for shorts vs. potential resumption of the elongated upward trajectory.
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