Recession Ahead? Bitcoin and Dogecoin Rally Could Be a Trap, Warns Bloomberg’s McGlone

The post Recession Ahead? Bitcoin and Dogecoin Rally Could Be a Trap, Warns Bloomberg’s McGlone appeared first on Coinpedia Fintech News

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, has spotted something unusual on the charts and it’s raising eyebrows. At first glance, it might seem like a coincidence. But when Bitcoin’s performance against gold starts to mirror Dogecoin’s price action almost exactly, it’s worth digging deeper. Bear market bounce or new bull? My bias is …