
Mike McGlone|Nov 06, 2025 15:55
100,000 Bitcoin - a Speed Bump Toward 56,000?
"Look at the chart" has been a mantra from Bitcoin bulls, but the market gods can refresh humility when prices stretch too far. Synonymous with humility is mean reversion, and my look at the chart shows how normal it's been for the first-born crypto to revert to its 48-month moving average, now around 56,000, after similarly extended rallies as in 2025.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t59512gq1z40 {BI COMD}
#bitcoin #gold #stockmarket @BBGIntelligence(Mike McGlone)
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