Bitcoin faces potential crash amid BlackRock ETF filing and market volatility.

Bloomberg's senior macro strategist, Mike McGlone, has warned that Bitcoin may slide further despite BlackRock's recent application for a Bitcoin exchange-traded fund (ETF) boosting BTC's price. McGlone highlighted the potential challenges Bitcoin could encounter, including a possible equity bear market and the watchful eye of central banks. He suggested that Bitcoin will likely gravitate towards the $20,000 support level rather than the $40,000 resistance level. Despite McGlone's warnings, some experts are convinced that the bottom is already in for Bitcoin, and the bull market is on course.