Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC) and broader crypto markets may still be far from a true bot

Bitcoin closed May at $73,568 as Benjamin Cowen, PlanB, and Crypto Rover warn of a possible slide toward $60,000.

Cryptocurrency bettors are raising the possibility of Bitcoin (CRYPTO: BTC) diving below $50,000 this year as sentiment toward the leading digital asset continues to deteriorate.