Mike McGlone downgrades Bitcoin's downside target price to $28,000

GateNewsBot

2026-02-19 15:41:54

BTC-0,75%

PANews February 19 News, according to CoinDesk, Bloomberg Industry Research Analyst Mike McGlone previously predicted a decline in Bitcoin’s price but was criticized for being overly alarmist and posing too high a risk to investors. Subsequently, McGlone raised his Bitcoin downside target from $10,000 to approximately $28,000.
McGlone believes that based on historical price distribution, $28,000 is a more probable level and maintains that his analysis explains why investors should avoid Bitcoin and other risk assets.

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飞鱼2026祝福版

· 1h ago

Wishing you great wealth in the Year of the Horse 🐴

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飞鱼2026祝福版

· 1h ago

Bitcoin, this thin pancake... The previous low was 65595, which is more than 100 points away from our short target today. Congratulations to everyone who followed! Captured 1723 points, a decline of 2.56%. We are still oscillating within the range. We buy high and sell low. Slowly accumulate. Wishing everyone prosperity! Going out for some 8+1 drinks #BTC $BTC

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