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[Opinion] McGlone: Bitcoin May Be Guide for Stock Market Peak Against Gold – MAXBIT

Summary by MaxBit

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ethnews.com

Is Bitcoin Predicting the Next Market Crash? Mike McGlone Weighs In! News ETHNews

McGlone identifies a resistance level at 2.4x the S&P 500-to-gold ratio, underscoring potential market shifts. With a 29% increase in gold prices in 2024, predictions tilt towards gold’s dominance over stocks in 2025. In a detailed financial analysis, Mike McGlone, Bloomberg’s senior commodity strategist, highlighted emerging trends indicating that Bitcoin might reflect broader economic shifts, particularly influencing the S&P 500 index agains…

2 months ago

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