Path Toward $10,000 Bitcoin May Come From $69,000 Trump Pivot
Bitcoin's almost 30% decline in 2026 through Aug. 12, despite the S&P 500's roughly 15% total return, suggests the first-born cryptocurrency already flunked the big test -- what happens when stocks fall. My analysis points to downside risk toward $10,000 unless Bitcoin can sustain a move above $69,000.
Full report on the Bloomberg here: {BI COMD}
#Bitcoin #stockmarket #bonds
Bitcoin's almost 30% decline in 2026 through Aug. 12, despite the S&P 500's roughly 15% total return, suggests the first-born cryptocurrency already flunked the big test -- what happens when stocks fall. My analysis points to downside risk toward $10,000 unless Bitcoin can sustain a move above $69,000.
Full report on the Bloomberg here: {BI COMD}
#Bitcoin #stockmarket #bonds