Analysts hint at tough week ahead for bitcoin as risk aversion climbs

In his latest March outlook, Mike McGlone believes that bitcoin could benefit from a battle between bonds and crude oil. He notes that bitcoin could firm up in the $40,000 range, while the Nasdaq 100 might fall further.

Meanwhile, Mike McGlone also mentions ethereum in his report. He noted that Ether could return to the $1,700 range in the summer of 2021 if the stock market falls quickly, while it could rise to the $4,800 range in November 2022 if traditional securities markets perform well.