Bitcoin to Drop to $10K? Bloomberg Analyst Makes Bold Prediction

Bloomberg Strategist Warns of 'Sell-the-News' Event Sending Bitcoin to $10K

Bloomberg’s Mike McGlone predicts Bitcoin could crash 90% to $10,000 as macro risks. Analyst cites “sell-the-news” dynamic after ETF approvals and MicroStrategy’s 10x gains. McGlone warns the majority of 28 million altcoins will go to zero amid S&P 500 correction. Bitcoin (BTC) price has topped out and is on the cusp of a major crash to $10k. This is according to a bold prediction released by Mike McGlone, a senior commodity strategist at Bloomb…

Commodity strategist explains why Bitcoin is set for $10,000 crash

Bitcoin’s (BTC) ongoing bearishness could culminate in the asset plunging toward $10,000, according to Bloomberg Intelligence commodity strategist Mike McGlone. McGlone noted that the cryptocurrency is becoming increasingly vulnerable as the market shifts from hype-driven expansion to macro-driven reversion, and that the asset’s strongest bullish catalysts are now behind it, he said in an X post on December 16.  He noted that the catalysts, incl…

Veteran Analyst Explains Why Bitcoin Is Not Pumping

Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed. “Why is Bitcoin not pumping?” asked analyst and Stock-to-Flow model founder PlanB on Wednesday. He said that 50% is selling by “OGs traumatized by 2021, technical investors looking at RSI [relative strength index], and four-year cycle fans expecting a bear market two years after the halving.” The other 50% is buying from investor…

Bitcoin to Drop to $10K? Bloomberg Analyst Makes Bold Prediction

Bitcoin may revisit the $10,000 level, according to Bloomberg Intelligence strategist Mike McGlone. He links the risk to fading demand drivers and reduced buying capacity. His view centers on capital timing, ownership concentration, and the absence of steady replacement demand at current prices. In an X post, McGlone says Bitcoin’s major price advances have followed The post Bitcoin to Drop to $10K? Bloomberg Analyst Makes Bold Prediction appear…

Bitcoin Could Revisit $10,000 as Demand Drivers Fade, Says Bloomberg Intelligence

Bitcoin may face a sharp correction that could eventually push prices back toward the $10,000 level, according to Bloomberg Intelligence strategist Mike McGlone. His outlook is rooted in shifting supply-and-demand dynamics, weakening capital inflows, and structural changes in the broader crypto market rather than ideology or sentiment. McGlone argues that Bitcoins strongest price rallies historically followed clear accumulation phases, where lar…