Here's When Bitcoin Price Will Start Bull Rally!

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Leading commodity strategist for Bloomberg Intelligence Mike McGlone recently discussed the possibility of a Bitcoin price reversal.

According to McGlone's report, the resistance levels for both Bitcoin and the Nasdaq 100 stock index are now acting as support.

He tweeted that the Fed must stop raising rates and resume monetary easing in order for Bitcoin to "continue outperforming."

Comparing the performance of Bitcoin with TSLA, McGlone stated that Bitcoin is attempting to "regain the upper hand over Tesla."