Citing BitcoinSistemi, Bloomberg analyst Mike McGlone claims Bitcoin could fall to $10,000 amid renewed selling pressure and a structurally weakened market. McGlone compared the current situation to the 2018 crash and noted that continued pressure on risk assets, late-cycle ETF inflows, and a deteriorating macroeconomic outlook support a bearish scenario. He also highlighted that Bitcoin is currently stuck in the $90,000–$100,000 range, with a breakdown potentially leading to a $50,000 price level.
Bloomberg Analyst Mike McGlone Predicts Bitcoin Could Fall to $10,000
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