Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency 'overbought' right now - NewsBreak

A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency's sharp rally over the last few weeks. "There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should," the Morgan Creek Capital Management CEO and CIO told CNBC's "Trading Nation" on Friday. "I also wouldn't be surprised of a little consolidation. Look, we're up 40% this month which is only 15 days old."