Bitcoin Below $80K Could Signal More Pain Ahead, Bloomberg Strategist Warns

Bloomberg Intelligence strategist Mike McGlone is warning that Bitcoin's struggle to reclaim $80,000 could signal further weakness, particularly when measured against US Treasury bonds.
His analysis suggests that $BTC may remain vulnerable if investors continue favoring traditional fixed-income assets over volatile cryptocurrencies.
The comparison is especially relevant during periods of financial uncertainty, when Treasury securities can attract capital seeking income and relative stability.
However, McGlone's warning is a market outlook rather than a confirmed prediction. Bitcoin's performance relative to bonds depends on interest rates, liquidity conditions and investor risk appetite.
The key question is whether $80,000 becomes a sustained resistance level or whether renewed buying pressure allows Bitcoin to recover.