Bitcoin To $10,000? Top Analyst Issues A Stark Warning
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An analyst revealed on Friday that Bitcoin could fall 91% from the all-time high of $109,000 per coin for January 2025 coins, suggesting that the most popular cryptocurrency could crash.
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Mike McGlone believes the eldest son cryptocurrency may drop to a low of $10,000 per coin, re-raises concerns that Bitcoin may experience a similar deep correction to 2011 Bitcoin Dip up to 92%.
BTC crashes to $100K?
McGlone, senior commodity strategist at Bloomberg Intelligence, predicts that Bitcoin could head to what he calls a devastating collapse that caused cryptocurrency to slide towards $10,000.
“BitCoin is back to $10,000? Peak leverage risk, gold rises – #Gold’s volume is about the same between 2025 and March 13, about 15% – #BitCoin is lowered,” McGlone said.
If Bitcoin will fall to $10,000, it will be 90% less than BTC High history Of $109,000 in January 2025. On the other hand, if its current price is about $83,000, it would drop 88%.
Bitcoin Back to $10,000? Peak leverage risk, gold rises – #Golden The number is approximately the same from 2025 to March 13 (about 15%) #bitcoin decline. But, since Bitcoin is about $80,000, what blocks these trajectories? What can the S&P 500 drop by about 6% suggest? pic.twitter.com/amgl0lanft
– Mike McGlone (@Mikemcglone11) March 14, 2025
The analyst explained that Bitcoin is more likely to face major corrections, which could push it down to $10,000. Historically, early cryptocurrencies were deeply corrected in 2011, when BTC’s High dropped to 92% at the time.
Has the crash begun?
In X post, McGlone suggested that Bitcoin’s crash to $10,000 might have begun, citing the risk market showing signs of overheating while gold rose.
Analysts explain Gold Bitcoin has increased by 1% when it fell, saying, “But Bitcoin is about $80,000, what prevents these trajectories?”
“The S&P 500’s drop of about 6% may indicate something important. The largest #ETF launch in history is President Donald Trump’s transformation For the highly volatile and speculative #Cryptos, reelection can prove (a) peak acne about 25 years ago.
Analytical rebuttal
Many Bitcoin proponents and analysts disagree with McGlobin’s analysis, and one crypto analyst David Weisberger opposed the assessment of Bloomberg’s analyst evaluation, saying his assessment was flawed.
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“When people treat options as assets, this is one’s analysis. If Bitcoin adopts zero increase, and those who are investing in thinking about Bitcoin will devalue the idea of gold, and stock market corrections will turn into a rout, if “beta” is stable, Then This situation It can work,” Wesberg explained.
He believes that the situation in McGloom’s analysis is unlikely to happen. “I don’t think any of the above will have an opportunity for a stock market to collapse, which of course will trigger a lot of liquidity.”
Featured images by Gemini Imagen, charts by TradingView
