{"id":98073,"date":"2026-06-03T20:03:05","date_gmt":"2026-06-03T20:03:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98073"},"modified":"2026-06-03T20:03:05","modified_gmt":"2026-06-03T20:03:05","slug":"bitcoin-is-in-purge-mode-bloombergs-mcglone-warns-next-stop-50000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98073","title":{"rendered":"Bitcoin Is In &#8216;Purge Mode&#8217;, Bloomberg&#8217;s McGlone Warns: Next Stop\u2014$50,000"},"content":{"rendered":"<div>\n<p>Veteran commodity strategist and Bloomberg analyst <strong>Mike McGlone<\/strong> says <strong>Bitcoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and broader crypto markets may still be far from a true bottom, warning that excessive speculation and stretched risk markets could trigger a deeper reset.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin in \u201cPurge Mode<\/strong>\u201c<\/h2>\n<p>Speaking in a CoinTelegraph interview on June 2, McGlone <a href=\"https:\/\/www.youtube.com\/watch?v=kmj0mVfOxSg\">argued<\/a> Bitcoin remains stuck in a broader &#8220;purge mode,&#8221; with the next major support zone likely around $50,000 before potentially falling toward $10,000 longer term.<\/p>\n<p>He said Bitcoin is unlikely to hold above its 200-day moving average and warned that meme assets like <strong>Dogecoin<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/DOGE-USD\" ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/52985608\/bitcoin-is-in-purge-mode-bloombergs-mcglone-warns-next-stop-50000?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" is in mode bloomberg mcglone warns: next stop>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC) and broader crypto markets may still be far from a true bottom, warning that excessive speculation and stretched risk markets could trigger a deeper reset. Bitcoin in \u201cPurge Mode\u201c Speaking in a CoinTelegraph interview on June 2, McGlone argued Bitcoin remains stuck in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98073","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98073"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98073\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}