Mike McGlone Predicts Bearish Trend for Bitcoin and Dogecoin

Bloomberg Intelligence’s Mike McGlone has issued a bearish outlook for both Bitcoin and Dogecoin, citing a potential bear market bounce rather than a new bull run. Despite the current trendline support for these cryptocurrencies, McGlone anticipates a breakdown in price, mirroring the downward trajectory of the stock market. He observed a similar pattern between DOGE and the ‘Bitcoin/gold cross,’ which he believes suggests the upcoming bearish trend. 2025’s economic instability is driving this prediction, with the US stock market entering a recession phase.