{"id":64284,"date":"2026-02-24T15:05:20","date_gmt":"2026-02-24T12:05:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=64284"},"modified":"2026-02-24T15:05:20","modified_gmt":"2026-02-24T12:05:20","slug":"bloomberg-analyst-warns-bitcoin-decline-may-continue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bloomberg-analyst-warns-bitcoin-decline-may-continue\/","title":{"rendered":"Bloomberg Analyst Warns: Bitcoin Decline May Continue!"},"content":{"rendered":"<p>Rising global uncertainty, trade tensions, and geopolitical risks continue to put pressure on Bitcoin prices. Weakening investor confidence amid macroeconomic developments has intensified volatility in risky assets. Senior commodities strategist at Bloomberg, Mike McGlone, highlighted a critical price level that Bitcoin must surpass to break its current downtrend. According to McGlone, unless the leading cryptocurrency sustains a level above $74,000, the downward trend is likely to persist. The analyst also noted that the market structure remains weak and that a strong recovery would require clear improvements both on macroeconomic fronts and within market data.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bloomberg-analyst-warns-bitcoin-decline-may-continue\/#Mike_McGlone_%E2%80%9CBitcoin_Still_in_a_Bear_Market%E2%80%9D\" title=\"Mike McGlone: \u201cBitcoin Still in a Bear Market\u201d\">Mike McGlone: \u201cBitcoin Still in a Bear Market\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bloomberg-analyst-warns-bitcoin-decline-may-continue\/#Macro_Uncertainty_Weighing_on_Bitcoin\" title=\"Macro Uncertainty Weighing on Bitcoin\">Macro Uncertainty Weighing on Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bloomberg-analyst-warns-bitcoin-decline-may-continue\/#Assessment\" title=\"Assessment\">Assessment<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"844\" data-end=\"896\"><span class=\"ez-toc-section\" id=\"Mike_McGlone_%E2%80%9CBitcoin_Still_in_a_Bear_Market%E2%80%9D\"><\/span>Mike McGlone: \u201cBitcoin Still in a Bear Market\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"898\" data-end=\"1130\">McGlone continues to paint a cautious outlook for Bitcoin and the broader crypto market. He believes Bitcoin is still operating within clear bear market dynamics, and the ongoing liquidation process in the market is far from over.<\/p>\n<blockquote>\n<p data-start=\"1134\" data-end=\"1234\">\u201cBitcoin will continue its downtrend until it breaks above $74,000 and holds there,\u201d McGlone said.<\/p>\n<\/blockquote>\n<p data-start=\"1236\" data-end=\"1399\">He added that the heavy concentration of altcoins and memecoins in the market makes it difficult to establish a true bottom until speculative assets are cleared. In contrast, Dave Weisberger, former CEO of CoinRoutes, highlighted the rising Bitcoin network hash rate as a potential long-term recovery signal. Weisberger suggested that governments or large institutions may be secretly mining Bitcoin, strengthening network security. This development could serve as an early indicator of a possible \u201cV-shaped\u201d recovery in the future.<\/p>\n<h3 data-start=\"1784\" data-end=\"1827\"><span class=\"ez-toc-section\" id=\"Macro_Uncertainty_Weighing_on_Bitcoin\"><\/span>Macro Uncertainty Weighing on Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1829\" data-end=\"2125\">US President Donald Trump\u2019s proposed new tariffs and rising geopolitical tensions in the Middle East continue to suppress global risk appetite. Increased trade frictions and political uncertainty are forcing investors to act cautiously, putting direct pressure on Bitcoin and other risk assets. Market strategist James Lavish emphasized the impact of uncertainty on investor behavior:<\/p>\n<blockquote>\n<p data-start=\"2226\" data-end=\"2409\">\u201cMarkets hate uncertainty. Trump\u2019s unpredictability strategy is putting pressure on risk assets like Bitcoin. Bitcoin is acting like a risk asset right now; we have to accept that.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"2411\" data-end=\"2632\">Lavish also noted that during periods of uncertainty, investors typically seek safer assets. Demand for traditional safe havens like gold and US Treasury bonds could rise, putting further short-term pressure on Bitcoin. Weisberger added that increasing tariffs and trade policy uncertainties could create ripple effects across the global economy. Disruptions in trade agreements may reduce risk appetite in business, increasing volatility in financial markets. Analysts have also noted that Bitcoin may record its fifth consecutive monthly red close, a critical point under discussion among experts.<\/p>\n<h3 data-start=\"3022\" data-end=\"3038\"><span class=\"ez-toc-section\" id=\"Assessment\"><\/span>Assessment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"3040\" data-end=\"3249\">Experts agree that Bitcoin remains highly sensitive to macroeconomic developments and global uncertainty. Bloomberg analyst McGlone warns that the downtrend may continue unless Bitcoin surpasses $74,000. However, some analysts point to the increasing network hash rate as a potential long-term recovery signal. In the coming period, both macroeconomic developments and institutional demand will be key factors shaping Bitcoin\u2019s trajectory.<\/p>\n<p data-start=\"2539\" data-end=\"2631\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Telegram,<\/a>\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates instantly.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising global uncertainty, trade tensions, and geopolitical risks continue to put pressure on Bitcoin prices. Weakening investor confidence amid macroeconomic developments has intensified volatility in risky assets. Senior commodities strategist at Bloomberg, Mike McGlone, highlighted a critical price level that Bitcoin must surpass to break its current downtrend. According to McGlone, unless the leading cryptocurrency<\/p>\n","protected":false},"author":37,"featured_media":48175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,1766,60,393,840,847,336,58,5760],"class_list":["post-64284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-bitcoin-btc","tag-btc","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bloomberg Analyst Warns: Bitcoin Decline May Continue!<\/title>\n<meta name=\"description\" content=\"Rising global uncertainty, trade tensions, and geopolitical risks continue to put pressure on Bitcoin prices.\" \/>\n<meta name=\"robots\" content=\"index, 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