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Bitcoin Drops Below $64,000: 'Respect the Bear,' Bloomberg's Mike McGlone Says

BenzingaJul 28, 2026, 1:12 PMKhyathi Dalal

Bitcoin faces $70,000 test as investors weigh earnings, Fed policy, and inflation data. Analysts predict a breakout above $70,000 but warn of potential weakness if equities decline and BTC falls below $50,000. Bulls believe Bitcoin's bottom has already formed and see signs of a bottom, while bears argue otherwise.

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benzinga
Observed
Jul 28, 2026, 1:12 PM
Checked
Jul 28, 2026, 1:12 PM
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Captured once, then retained as an archive reference
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