Bloomberg analyst says bitcoin can fall to $10000

[justdimin]

Although $10,000 sounds too unrealistic,

Indeed it is too low but if we think about it, there are even some that predicts a pretty high price in BTC. So what is the difference? Well, maybe we still prefer the other because we are optimistic but what about buying at dips? And thinking it will only recover? Isn't that also shows optimism?

I agree, 10k is too low and while Bloomberg could troll as much as they want to, the reality is that we are not going to get those kind of returns. We should be considering how it could change, and while it is not an easy thing to do, we should not be considering this as a positive. The reality we are living at the moment is the fact that we can't see how to get better with 100k+ prices are away at the moment, but just because it is away, doesn't mean it is not going to happen.

We should be getting those returns again, and for that reason I agree it can't be that bad. Too bad that people are not looking into this as a good way to recover, because if they bought low and wait, they could make so much profit, instead they fear even lower prices.

[Koadharber]

Although $10,000 sounds too unrealistic,

Indeed it is too low but if we think about it, there are even some that predicts a pretty high price in BTC. So what is the difference? Well, maybe we still prefer the other because we are optimistic but what about buying at dips? And thinking it will only recover? Isn't that also shows optimism?

I agree, 10k is too low and while Bloomberg could troll as much as they want to, the reality is that we are not going to get those kind of returns. We should be considering how it could change, and while it is not an easy thing to do, we should not be considering this as a positive. The reality we are living at the moment is the fact that we can't see how to get better with 100k+ prices are away at the moment, but just because it is away, doesn't mean it is not going to happen.

We should be getting those returns again, and for that reason I agree it can't be that bad. Too bad that people are not looking into this as a good way to recover, because if they bought low and wait, they could make so much profit, instead they fear even lower prices.

The only time that you do get or having the fear is on the time that you do invest on the amount on which you cant afford to lose. Lets say that you have bought on lower prices but it doesnt mean that you wont be seeing that much even more lower. Instead on keeping on accumulating, you have panic sold just because you do able to read up these kind of fud around on which these are just indeed common ways on how these institutions or these market makers trying out to do so. They do manipulate out or having those FUD to make things do happen. For those people who had been positive supporting then they would be finding out these calls to be that totally trolling or they turned out to be clowns on having these kind of sentiments. If we do tend to compare on how far we've been into cycle then you can definitely say that we cant be going that low. Lets consider out on whats the current all time low for this cycle and we dont believe that we will be going back into those numbers even if we do tell that there's no guarantee here on crypto space.

[Agbamoni]

I do not know this man but my conclus is simple. He is not an analyst at all.

He is not an analyst he only needs fame. Did he got what he was looking for yes.
8.8k view with less like. This will tell you; it was all trash.
Times like this anyone will rush to get the mic to say all the jargons in their mouth so that in case it happens in the future, they will be famous saying they are predicting the market. Information is not true anymore, let's be guided.

Many claimed to be bitcoin analysts but only few of them are reliable. Although it’s his own own prediction that at least we should respect, but as a bitcoiner point of view, what he’s saying is far from what is reality now, and not to mention, he’s up for FUD and hype, so most likely his intention is not to give us the right information but to make his video attracts massive attention.

He may have derived this prediction from previous price result. Well, it may be his own prediction at the market now, but it doesn't sound realistic. I have seen so many predictions from this forum and other bitcoin forum, and this is the worst i have seen so far. Indirectly you are backing him up, let me ask you this question. Is bitcoin falling down to $10k possible for you? If no, then why are you supporting his speculation?

I don't care if he is famous or not, while i understand his own point of view and the reasons why he made the video spreading out misleading information's will do a lot of person's harm.

[Natalim]

People can see how this analysts has been disappointed as bitcoin is increasing after Trump paused the tariffs he imposed on other countries for 90 days. He passed it for many countries. The price of bitcoin and some altcoins increased. Nice to see this. Bitcoin has always made these bad analysts wrong. Even if there is bear market again, bitcoin is never going to $10000.

We can’t tell actually what will be the future price for bitcoin, as its high volatility will lead into even an unexpected price for us. With this thought, we are left with no control if ever bitcoin price will end up dropping again into as low as $10k.

However, seeing bitcoin price recently sticking to $80k and up, $10k could be far from reality. But still, everything can be possible with bitcoin, but I still hope we won’t be seeing $10k again.

[kawetsriyanto]

We can’t tell actually what will be the future price for bitcoin, as its high volatility will lead into even an unexpected price for us. With this thought, we are left with no control if ever bitcoin price will end up dropping again into as low as $10k.

Indeed, Bitcoin price is unpredictable. Since the price isn't controlled by any one or any institution, it is not impossible that the price may drop at any price and it can happen at any time. However, considering the current ATH, it requires a huge trigger to lower Bitcoin price to $10k. So far, there is no sign that Bitcoin may drop to $10k. That's why we shouldn't be too afraid about this.

However, seeing bitcoin price recently sticking to $80k and up, $10k could be far from reality. But still, everything can be possible with bitcoin, but I still hope we won’t be seeing $10k again.

Sure, current price is very far from $10k. Even if Bitcoin may go to the lowest price in the next bearish season, it shouldn't be below $50k. But this is only our own prediction, there is no guarantee on this prediction!

DWYOR

[JeffBrad12]

I don't care if he is famous or not, while i understand his own point of view and the reasons why he made the video spreading out misleading information's will do a lot of person's harm.

Rest assured nobody is selling their BTC just because random analyst say it will go down to $10k.
Current market instead keep having recovery despite these fuds.
The thing is, people are becoming smarter, not getting controlled by these analyst, also I doubt these prediction are genuine, why someone goes out of their way telling media that BTC will go down to $10k if not to fud it and buy it cheaper .

[Yaunfitda]

I don't care if he is famous or not, while i understand his own point of view and the reasons why he made the video spreading out misleading information's will do a lot of person's harm.

Rest assured nobody is selling their BTC just because random analyst say it will go down to $10k.
Current market instead keep having recovery despite these fuds.
The thing is, people are becoming smarter, not getting controlled by these analyst, also I doubt these prediction are genuine, why someone goes out of their way telling media that BTC will go down to $10k if not to fud it and buy it cheaper .

And also, we should look at the reason why the wanted to see the price going to $10k? They might wanted to buy along that price? Maybe they are anti-Bitcoin all along? But in any case, we don't believed that there is case that the price will suddenly go down without investors buying back when the price hits like $50k. Remember that we are still in the bull run so any price dip, it's a perfect opportunity to re-buy and continue to stack sats. Another reason that I think of is that this analyst might just want to hug the limelight with his kind of predictions of Bitcoin going this low. But I guess Bitcoin enthusiast and investors are smarter than he thinks.

[Free Market Capitalist]

And also, we should look at the reason why the wanted to see the price going to $10k? They might wanted to buy along that price?

That's what I was thinking, he is saying that FUD to get short and buy bitcoin cheaper, what happens is that he has gone too far with the prediction, it is so low that it is very difficult to believe.

Although we shouldn't be so surprised by predictions like this either. There are still those who say that bitcoin is a ponzi and will go to 0, or those who believe that the price will reach 1 million this year. Overboard predictions we have them both up and down.

[cryptomaniac_xxx]

And also, we should look at the reason why the wanted to see the price going to $10k? They might wanted to buy along that price?

That's what I was thinking, he is saying that FUD to get short and buy bitcoin cheaper, what happens is that he has gone too far with the prediction, it is so low that it is very difficult to believe.

Although we shouldn't be so surprised by predictions like this either. There are still those who say that bitcoin is a ponzi and will go to 0, or those who believe that the price will reach 1 million this year. Overboard predictions we have them both up and down.

And so far it is not working though, I mean the price has recovered somewhere along the $80k price range. And definitely, we won't like to buy Bitcoin at $10k, everyone is waiting for that golden opportunity.

But I don't think that the price will nosedived because of the geo-politics that has been going or even the tariff war that Trump is waving on different countries. On the other hand, Bitcoin might benefit from it as anyone will see Bitcoin as a good hedge because of the chaos that we've witnessing this year.

[Ultegra134]

I agree, 10k is too low and while Bloomberg could troll as much as they want to, the reality is that we are not going to get those kind of returns. We should be considering how it could change, and while it is not an easy thing to do, we should not be considering this as a positive. The reality we are living at the moment is the fact that we can't see how to get better with 100k+ prices are away at the moment, but just because it is away, doesn't mean it is not going to happen.

We should be getting those returns again, and for that reason I agree it can't be that bad. Too bad that people are not looking into this as a good way to recover, because if they bought low and wait, they could make so much profit, instead they fear even lower prices.

It's still too early to judge the market situation, I was claiming that if Bitcoin manages to stay above $80,000, we should be safe. So far, it has recovered from the major crash a few days ago and is currently trending at $85,000. Certainly, that might not mean something, nor that we're safe from the new imposed policies, but Bitcoin is showing resilience so far.

Some financial experts are claiming that these policies might result in another economic crisis, similar to the one in 2008, and judging by how the stock market is performing, Bitcoin is going to be massively affected. It's still too early to know, but the upcoming weeks will be trivial.

[The Cryptovator]

Anything could happen in crypto; it's true. His prediction would become true, but most probably during a third world war. Otherwise, I don't see any reason why Bitcoin should drop to a $10K price. Anyone has the freedom to make such videos; most likely, he misses the Bitcoin train, and he wants to accumulate it cheaper. Though I can't call him stupid, it's unrealistic unless something big happens in the world. At least till Trump is in power, Bitcoin shouldn't go below even $50K. Institutions seem to be accumulating Bitcoin; they won't let it go down in their portfolio.

[Odusko]

Anything could happen in crypto; it's true. His prediction would become true, but most probably during a third world war. Otherwise, I don't see any reason why Bitcoin should drop to a $10K price. Anyone has the freedom to make such videos; most likely, he misses the Bitcoin train, and he wants to accumulate it cheaper. Though I can't call him stupid, it's unrealistic unless something big happens in the world. At least till Trump is in power, Bitcoin shouldn't go below even $50K. Institutions seem to be accumulating Bitcoin; they won't let it go down in their portfolio.

Bitcoin at the 70k-80k range in price is too far from touching 10k ever again and just as you have said maybe during 3rd World War which probably may never happen again because all the world powers are applying caution and dialoguing to prevent its possibility which means that Bitcoin will keep soaring high at the end of each deep, there is the price that Bitcoin will never drop to again and $10k is one of such price.

[Ziskinberg]

People can see how this analysts has been disappointed as bitcoin is increasing after Trump paused the tariffs he imposed on other countries for 90 days. He passed it for many countries. The price of bitcoin and some altcoins increased. Nice to see this. Bitcoin has always made these bad analysts wrong. Even if there is bear market again, bitcoin is never going to $10000.

We can’t tell actually what will be the future price for bitcoin, as its high volatility will lead into even an unexpected price for us. With this thought, we are left with no control if ever bitcoin price will end up dropping again into as low as $10k.

However, seeing bitcoin price recently sticking to $80k and up, $10k could be far from reality. But still, everything can be possible with bitcoin, but I still hope we won’t be seeing $10k again.

Exactly my thought. We’re left with no choice but to accept the reality if ever btc price hit $10k again, but this could be another great opportunity again to buy massive amount of bitcoin and increase our bitcoin portfolio. Otherwise, falling into this trap and panic selling, you are only making yourself a big loser while you feed those whales to become richer and richer.

[Powerjumboo]

People can see how this analysts has been disappointed as bitcoin is increasing after Trump paused the tariffs he imposed on other countries for 90 days. He passed it for many countries. The price of bitcoin and some altcoins increased. Nice to see this. Bitcoin has always made these bad analysts wrong. Even if there is bear market again, bitcoin is never going to $10000.

We can’t tell actually what will be the future price for bitcoin, as its high volatility will lead into even an unexpected price for us. With this thought, we are left with no control if ever bitcoin price will end up dropping again into as low as $10k.

However, seeing bitcoin price recently sticking to $80k and up, $10k could be far from reality. But still, everything can be possible with bitcoin, but I still hope we won’t be seeing $10k again.

Exactly my thought. We’re left with no choice but to accept the reality if ever btc price hit $10k again, but this could be another great opportunity again to buy massive amount of bitcoin and increase our bitcoin portfolio. Otherwise, falling into this trap and panic selling, you are only making yourself a big loser while you feed those whales to become richer and richer.

Yes, if Bitcoin ever reaches 10,000, then we will definitely have to accept that situation and move forward by accepting it. But we will not just move forward by accepting it, we will definitely move forward by investing in Bitcoin and increasing the amount of Bitcoin investment. Even if people are scared when it reaches 10,000 dollars, they will pay more attention to investing because everyone knows about Bitcoin and has seen the popularity of Bitcoin.

[mich]

Well all that does mean is there is alot of people that does think they are a analyst.  I did watch that video and I do not know who this man Mike McGlone is.
But I do not think he should be saying things like that.  He is just creating FUD and it is sad to think there is investors that will listen to what this man does say.
I do think it is bad misinformation that this man is saying. It is the 'experts' like that we do not need to listen to. He does not like Bitcoin but there is alot of these people like him.

[AmaGold70]

This is the link where you can watch the YouTube video: https://youtu.be/-_q8kQrIdXA?si=aYnfr68oglrDSWxN

This is the stupidest prediction that I have even heard of recently. People should stop believing this people that might be bitcoin critics. I think this bitcoin analysts Mike McGlone is one of them.

I do not know this man but my conclus is simple. He is not an analyst at all.

I don't know who Mike McGlone is, and I don't care if he calls himself an analyst but I agree with you that he is wrong by saying Bitcoin price will drop down to $10,000, he could obviously be a Bitcoin critic claiming to be an analyst. He is merely passing out wrong information and trying to create FUD for people that are gullible enough to believe his bad information on Bitcoin's price, Bitcoin's price dumped after the previous ATH and now it is going back up again, so the price dipping to $10 is obviously far from reality and it would never happen in a long run. But then again Bitcoin is volatile in nature so anything can happen. 

[Marvell1]

To be fair, bitcoin and crypto are still a more speculative market as well as a market rife with manipulation, so anything can happen. A volatile asset like Bitcoin can rise by thousands of percent, so it wouldn't be surprising if its price dropped to $20k or $10k again.
We don't believe that happened, and think that guy is stupid and knows nothing about bitcoin. It's because we don't want that to happen and it's not in our favor, but in reality, anything can happen with a market like crypto.

[dunfida]

To be fair, bitcoin and crypto are still a more speculative market as well as a market rife with manipulation, so anything can happen. A volatile asset like Bitcoin can rise by thousands of percent, so it wouldn't be surprising if its price dropped to $20k or $10k again.
We don't believe that happened, and think that guy is stupid and knows nothing about bitcoin. It's because we don't want that to happen and it's not in our favor, but in reality, anything can happen with a market like crypto.

Yes, lets just that accept that those probabilities could really happen and this is something that needs up to consider out because this market was speculative in the first place. Just like on what you have said that we've been able to have that multiple times for the price to have that kind of dip or crashes on which its not that something new. Also, this is a speculative market after all on which simply means that anything could happen when it comes to price condition and thats why you should be prepared whenever it happens because after a crash then recovery comes after but thats if there's nothing wrong with the market. For sure people will be thinking up that if Bitcoins price goes down below to 10k then there's something wrong with that and might be having some regulation issues or some sort of technical exploits or whatsoever.

Its true that we do say that man is stupid to make out these calls, just because we dont really like for the price to move downwards. We do want to see new all time highs as we do break it down on which considering that we are already on the bull run year on which its understandable that people are expecting too much or being that too positive and wants to see green candles rather than on going into those prices on where we are before. Always put up into your mind that there's always the possibility for these things to happen.

[OgNasty]

Anything could happen and I think it is important to remember that. Bitcoin could get compromised and fall to $0 before I finish writing this post. Nothing is promised. Do I think that will happen? No. I understand it is a risk though. If we’re just calling bottoms, I think the market will have a tough time breaking below $65K, but that’s a problem for 2027.

[Yaunfitda]

Anything could happen and I think it is important to remember that. Bitcoin could get compromised and fall to $0 before I finish writing this post. Nothing is promised.

Yes, but the chance is very slim to none though. Bitcoin is too big to fall.

Do I think that will happen? No. I understand it is a risk though. If we’re just calling bottoms, I think the market will have a tough time breaking below $65K, but that’s a problem for 2027.

$70k might be difficult to break although we have a close before just about a couple of weeks. Nevertheless, the tariff war is worsening as the China did retaliate with a huge tax as well from goods coming from the US. But it seems that the market is not deterred by it. On the contrary, it went to $85k which is very surprising. But who can predict the price though. I mean the market has this ability to really move by itself sometimes that most of us are really caught unaware or we really don't know what's the reason behind the price moving on the opposite direction.