Bloomberg analyst says bitcoin can fall to $10000

[salad daging]

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.

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

[Tonimez]

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.

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

Most of these analysis are just a guess work and most times so unrealistic. He has to also release his tools for his assertions. You don't just sit in the comfort of your room to determine what happens to bitcoin. I don't see bitcoin going below 60k in the near future but nothing is completely impossible. You don't take the words of someone who may not have any bitcoin wallet instill panic in you with some baseless guess work.

[BITCOIN4X]

~Snip

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

People involved in crypto investments generally tend to be optimistic about Bitcoin's market ability to maintain its price, but that is different from people who are not involved. I don't know who analyzed Bitcoin going down to $10k, but he's not an optimist. If she was an influencer, that would be considered bad FUD to some, but I don't care what she says. I'm not sure $10k will be touched again this year or even next year, if a big drop occurs then we will just see bitcoin retest many of the support levels above $50k.

[tabas]

Most of these analysis are just a guess work and most times so unrealistic. He has to also release his tools for his assertions. You don't just sit in the comfort of your room to determine what happens to bitcoin. I don't see bitcoin going below 60k in the near future but nothing is completely impossible. You don't take the words of someone who may not have any bitcoin wallet instill panic in you with some baseless guess work.

That's what they have to do and what have probably been told to do when they're working on the markets that they have been "professional" with. The advantage of these analysts is making themselves a pride into their company and themselves and believes that whatever they say is a truth even if it's an opinion, a speculation. They don't like Bitcoin as a speculative asset but even with that, they're giving speculations are going to be in favor of what they want to believe. They've been doing this, spreading FUD to everyone when something big is about to happen.

[justdimin]

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

People involved in crypto investments generally tend to be optimistic about Bitcoin's market ability to maintain its price, but that is different from people who are not involved. I don't know who analyzed Bitcoin going down to $10k, but he's not an optimist. If she was an influencer, that would be considered bad FUD to some, but I don't care what she says. I'm not sure $10k will be touched again this year or even next year, if a big drop occurs then we will just see bitcoin retest many of the support levels above $50k.

Even if you are not involved with bitcoin itself, you should be able to realize that this isn't really a smart way to approach bitcoin at the moment, saying 10k is possible makes no sense. You can be as objective as you want, and you could make as many calculations without emotions as you want, but 10k is not going to happen.

The only way for 10k to happen would be some nuclear war or something that big, or bitcoin getting hacked, like literally people be able to hack into wallets with some new technology, otherwise, in a regular normal world, we are not going to see 10k ever again, those days are gone. You could try to make any type of argument about 10k as you want, it is not going to be realistic and nobody who has been around for a while will agree.

[Woodie]

I didn't even bother opening the shared YouTube link because I already know it's bull ****, if not it's something meant to bring fear into innocent small time hodlers to force a sell so that the whales can buy cheap and control the markets at their own will ! We need not to forget the power of bitcoin is in its decentralised nature, don't allow the select few to control the markets.

But comeon, do they know what 10K is and already we have big cooperations that are eagerly waiting for any slight drop to buy and you say we shall drop to 10K Never Happening!

[virasog]

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

You can expect anything from these media houses and believe me most of them present the news as the whales and institutions want them to present. That is the reason you will see a lot of positive news at the same time and then you will find a time when a lot of negative news spread simultaneously.
Bitcoin cannot fall to 10K and it can only happen if someday we have quantum computers become so powerful that SHA-256 can be broken through them but right now there is no threat.

[jaberwock]

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

You can expect anything from these media houses and believe me most of them present the news as the whales and institutions want them to present. That is the reason you will see a lot of positive news at the same time and then you will find a time when a lot of negative news spread simultaneously.
Bitcoin cannot fall to 10K and it can only happen if someday we have quantum computers become so powerful that SHA-256 can be broken through them but right now there is no threat.

That is 100% true, whatever whales want, these news agencies share just that information. And that doesn't mean they buy when they say it will go up, they buy after they sell it will go down.

Because after you pump the whole network of news agencies to say it will go down, then you are going to end up with lower price, and that's when they buy, only after the whales buy as much as they can, they will let news agencies all around the world start saying it will go up, not when they are buying, but after they already bought and stopped. This is how it works and how it worked for a long time. Price will always move based on market movements and what community thinks, and news are a big part of this so if news can manipulate you, they will.

[salad daging]

~Snip

People are free to say anything about bitcoin even if it falls to $10,000 according to their analysis - of course they have a different view from us so we reject that analysis because it doesn't make sense that bitcoin would go so deep.

I hope that Trump can maintain his support for bitcoin so that this reinforces the price does not fall because no matter how Trump talks about bitcoin, it has a little influence.
I will try not to believe in that analysis and bitcoin will not fall below $70K at least for this year.

People involved in crypto investments generally tend to be optimistic about Bitcoin's market ability to maintain its price, but that is different from people who are not involved. I don't know who analyzed Bitcoin going down to $10k, but he's not an optimist. If she was an influencer, that would be considered bad FUD to some, but I don't care what she says. I'm not sure $10k will be touched again this year or even next year, if a big drop occurs then we will just see bitcoin retest many of the support levels above $50k.

Maybe the analysis is creating FUD to make the price low and others believe in the analysis, it could be that the influencer wants to really buy at the bottom and while we are panic selling he is buying.
Don't be fooled even if it's Bloomberg's analysis - I don't believe it's going down to $10,000 at all, it's just people trying to make noise.
For those investors have long had a sense of optimism that bitcoin will go up rather than down.

[STT]

BTC is really unlikely to fall below 60k area is my basic take, the low could spike in an elastic short term way to 50k perhaps but soon recover within that trading day.   Reason being there is no incentive or momentum to break that level of volume accumulated in this area across multiple years.

   Not everyone is a trader, some people are buying and holding not just in any speculative way but because this is the value they have accumulated here from those with tiny amounts in an online exchange address to those storing server payment fees in a larger way via a long term involvement with BTC and so on.  These users are the backbone of BTC that is far harder to break then just a simple move on the order books between those gaming bid offers for speculative gain everyday.  Genuine users always count for more strength and resilience in a price and BTC has built its price higher making each move down much harder to reverse once set over years of use by an ever increasing user base.

[JeffBrad12]

I didn't even bother opening the shared YouTube link because I already know it's bull ****, if not it's something meant to bring fear into innocent small time hodlers to force a sell so that the whales can buy cheap and control the markets at their own will ! We need not to forget the power of bitcoin is in its decentralised nature, don't allow the select few to control the markets.

But comeon, do they know what 10K is and already we have big cooperations that are eagerly waiting for any slight drop to buy and you say we shall drop to 10K Never Happening!

Exactly, tons and tons of people are ready to buy at the bottom, if anything, the most realistic scenario that will play out is if somehow there's big whales dumping that can causes flash crash, but by then my buy order will get triggered and I got cheap Bitcoin, after that what I needed to do is to sleep and wake up to see price of BTC recovers back tomorrow .
These analyst don't seem to understand that market can't easily dump to the bottom like that unless shitcoins and altcoins.

[Strongkored]

We often see videos about price predictions that start with these words, not as financial advice but as education, but those who are influenced by these videos are already in a panic stage and start thinking about selling their Bitcoin, but those who remain optimistic see this as an opportunity to buy more Bitcoin, and we can't stop people like this who are always negative about Bitcoin, what we can do is strategize in all circumstances including when Bitcoin falls very low.

[melinoe]

We often see videos about price predictions that start with these words, not as financial advice but as education, but those who are influenced by these videos are already in a panic stage and start thinking about selling their Bitcoin, but those who remain optimistic see this as an opportunity to buy more Bitcoin, and we can't stop people like this who are always negative about Bitcoin, what we can do is strategize in all circumstances including when Bitcoin falls very low.

Weak hands are gonna still sell their guts out, while people that are used to dips / bottoms on BTC chart would get the most out of it.

Simple, yet, as we all know - the truth that many still don't see as a reality, being scared.

[TravelMug]

We often see videos about price predictions that start with these words, not as financial advice but as education, but those who are influenced by these videos are already in a panic stage and start thinking about selling their Bitcoin, but those who remain optimistic see this as an opportunity to buy more Bitcoin, and we can't stop people like this who are always negative about Bitcoin, what we can do is strategize in all circumstances including when Bitcoin falls very low.

Weak hands are gonna still sell their guts out, while people that are used to dips / bottoms on BTC chart would get the most out of it.

Simple, yet, as we all know - the truth that many still don't see as a reality, being scared.

It's ok to be scared, as long as you can accept your mistakes. Just like in your example, price goes down -20% to -30%, you sell when you just have to hold and let it settled down. Why you sell? It's because you are afraid and thinking that you are going to lose a lot of money.

But suddenly, prices go up, it has recovered and even goes up by 10%, now you regret your decision. And so the next time, when the market fluctuates again, you won't be afraid of that situation as you learn from your mistakes already.

On the contrary, if it goes down then why not buy more and just be a long term holder?

[bitgolden]

We often see videos about price predictions that start with these words, not as financial advice but as education, but those who are influenced by these videos are already in a panic stage and start thinking about selling their Bitcoin, but those who remain optimistic see this as an opportunity to buy more Bitcoin, and we can't stop people like this who are always negative about Bitcoin, what we can do is strategize in all circumstances including when Bitcoin falls very low.

If people are learning about crypto from some videos, or some influencers, then they are going to end up with bad results one way or another, there is no other way around. If they end up with mistakes, that is because the first mistake they did was to care about what online strangers say. Even if that online stranger is followed by millions of people, that doesn't mean you are going to end up with a bunch of money, and you should be avoiding it as much as you can too.

If you know what you are dealing with, then you could make some good money with it as well, and you do not need others. If you feel like you need others, then you are going to buy or sell stuff they tell you, and that will be the biggest mistake of your life.

[Mahanton]

We often see videos about price predictions that start with these words, not as financial advice but as education, but those who are influenced by these videos are already in a panic stage and start thinking about selling their Bitcoin, but those who remain optimistic see this as an opportunity to buy more Bitcoin, and we can't stop people like this who are always negative about Bitcoin, what we can do is strategize in all circumstances including when Bitcoin falls very low.

Weak hands are gonna still sell their guts out, while people that are used to dips / bottoms on BTC chart would get the most out of it.

Simple, yet, as we all know - the truth that many still don't see as a reality, being scared.

It's ok to be scared, as long as you can accept your mistakes. Just like in your example, price goes down -20% to -30%, you sell when you just have to hold and let it settled down. Why you sell? It's because you are afraid and thinking that you are going to lose a lot of money.

But suddenly, prices go up, it has recovered and even goes up by 10%, now you regret your decision. And so the next time, when the market fluctuates again, you won't be afraid of that situation as you learn from your mistakes already.

On the contrary, if it goes down then why not buy more and just be a long term holder?

When you are just that new into this market, then these are the actions that you would definitely be that trying out to do on which you will be selling out on panic whenever you do see price dumps or crashes like 30-40% on which you would be having those thoughts that you might be ending up on having no money left but to think that this market is volatile and there's no way that it would be that dumping forever on which simply means that you will be having that kind of learning at the moment or time that you do able to experience out such mistake. Experience will be the best teacher no matter what on which if you are that sensible enough to learn up with these kind of mistakes on what you have done in the past then you will eventually be able to learn up on how you do make up yourself into the next time on which this is the usual stuff. There are just that those individuals who are that cant easily adjust out whenever they do face up the situation once again. It will be that understandable on how to make out adjustments on which considering that lack of experience will be causing up those bad decisions on which getting in line on how knowledgeable you are will be having those lacking. On the time that you do able to handle up yourself then this do shows up that you can be that independent and be wise into the decisions you are making on which basing up into the experience that you've gained overtime. Whenever we do have these kind of analyst or into those people who are that keeps on saying about this drops or pumps into a particular price, then these fellas are those people who do just that simply tell on whats their views and opinions. It might be that obviously manipulative but this will be only depending into those who do believe and act out accordingly basing into it. For those who had been on this market for a while will be just that simply ignoring these views and continue on doing into the actions that they are currently doing. The most ideal thing to do when there's a price decline is to make up those dca on which this is the most common approach.

[dzonikg28]

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.

Thank god Bloomberg has forever been my first source to go to to get great predictions about bitcoin's future price, lol!

I wouldn't take these "predictions" too seriously if I were you as usually there is a hidden agenda. Remember the Silicon Valley guys that sold all their bitcoin and then went on air to let the world know that bitcoin is done. But bitcoin then went from 20K to 100K.

If this guy was holding any bitcoin, he wouldn't be talking like this, or if this guy knew how to generate clicks for videos he is involved with, he wouldn't be talking like this. He is either a Peter Schiff kind of guy who has been wrong 105,000 times about bitcoin or he sold everything and is now afraid he made a mistake.

And for the record: this guy pretends to know what the fair value is for a long time

[Oshosondy]

Bitcoin later increased above $80000 again and later increased above $90000. Bitcoin as of today increased above $94400 but it is presently at $93475 when I was about to post this. Just as we have posted before, those people should not be believed as bitcoin always disappoints them as it continues to increase than fall.

[btc_angela]

Bitcoin later increased above $80000 again and later increased above $90000. Bitcoin as of today increased above $94400 but it is presently at $93475 when I was about to post this. Just as we have posted before, those people should not be believed as bitcoin always disappoints them as it continues to increase than fall.

Or when there are so called "expert" analyst says that the price will go on this direction, Bitcoin play's it differently and then goes on the opposite path. So it almost touch $95k already, but that price is the next barrier to breach.

In any case, this is a good price to see at the end of the month. At least with just a few days before April, we will see another green month and this is a sign that the bull run is still alive and that the next stop will be $100k++ and not $10k, big difference.

[Mpamaegbu]

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.

We may not agree with that analysis but that won't mean labelling it the "stupidest". What if it comes to past in future? This industry is full of uncertainty, and as such we can't be too certain the unthinkable won't happen.

By my assessment, and to the best of my perspicacity, I believe $10k is unrealistic a dip to get to. It won't happen, at least not in this circle. We've so many favourable news items on Bitcoin and it has just one direction to head to by that. That direction, certainly, isn't to dip.