Bitcoin price will fall to $10,000 as crypto ‘bubble is imploding,’ warns Bloomb

[Quantum_Resolve7987V]

The cryptocurrency market “bubble is imploding” with Bitcoin’s price set to tumble another 85% to $10,000, warns Bloomberg Intelligence strategist Mike McGlone.

https://www.dlnews.com/articles/markets/bitcoin-price-will-fall-to-10000-as-analyst-warns-of-crypto-bubble/

The factors include surging stock markets with low volatility and the industry losing faith in US President Donald Trump’s crypto boosterism. At the same time, gold and silver traders are grabbing profit “at a velocity last matched about half a century ago,” McGlone noted.

Usually you hear about people saying next month $250K now we got a guy saying just the opposite

[Oshosondy]

This is how some analysts make some stupid analyses and this is one of them. We should not let this become new to use any more because the so called analysts are not perfect. They do make wrong analyses many times. I am thinking they can even be doing this because they want to buy at a lower bottom.

This kind of analysis is just worth neglecting.

[Odusko]

This is how some analysts make some stupid analyses and this is one of them. We should not let this become new to use any more because the so called analysts are not perfect. They do make wrong analyses many times. I am thinking they can even be doing this because they want to buy at a lower bottom.

This kind of analysis is just worth neglecting.

Yes I can say that again, some analysis re not worth paying attention to such as this one, haven't Read through the whole thing although not as if a 80% is not possible in a high risk assets like Bitcoin, dip is part of Bitcoin market but the analyst failed to mention when and how, he emphasis so much on the unrecoverable possibility if Bitcoin dip that much, but he never mentioned how often Bitcoin always recover from such market dip. Another thing is timing, the current Bitcoin liqudities and timing won't allow such dip to happen as it has happened in previous years in 2022 Bitcoin dipped -77% which has been the lowest since then, now we have Bitcoin ETFs and institutions interested in Bitcoin and for such drastic fall in an asset like Bitcoin to reach that -80% fall, it means multiple countries economy will already be in recession by then.

[promise444c5]

It’s a big IF  statement with a lot of assumptions.. I won’t even take any prediction serious lately even though the particular one you posted seem to have a touch of campaign for the two metals Gold & Silver.
There have been  much more worse predictions that Bitcoin survived.. long corrections  do happen but you all don’t realise how hard it bounce back after.

Hold.. don’t be manipulated into selling.

[_act_]

It’s a big IF  statement with a lot of assumptions.. I won’t even take any prediction serious lately even though the particular one you posted seem to have a touch of campaign for the two metals Gold & Silver.
There have been  much more worse predictions that Bitcoin survived.. long corrections  do happen but you all don’t realise how hard it bounce back after.

Some people are analysts but they are not bitcoin price analysts.
You can be an analyst but hate an asset. Example is that you can be a forex, stocks or commodities analyst but you can be a bitcoin critic.
That Bloomberg Intelligence strategist or whatever it is called (whatever he is she is) is a bitcoin critic, not bitcoin analyst.
Anyone that say he or she is an analyst but not knowing that bitcoin can not get back to $10000 anymore is a very bad and poor analyst.

[Alpha Marine]

Brace up because you will be seeing more of these kinds of predictions soon. This one was even kind enough to say it will hit $10k; you will see the ones that will say it will hit crash out and become useless. I think I said it before that we will soon start seeing these kinds of articles and predictions.
Btw, there are companies whose value has dropped over $300 million, but we don't see predictions about how they will die off soon.

Usually you hear about people saying next month $250K now we got a guy saying just the opposite

This is just to show you that predictions are simply based on the person's perception of Bitcoin. It is also often exaggerated from both sides.
Also, predictions are mostly based on how Bitcoin is moving. If it were going up, you would have been hearing only good things about Bitcoin.

[Nheer]

It’s a big IF  statement with a lot of assumptions.. I won’t even take any prediction serious lately even though the particular one you posted seem to have a touch of campaign for the two metals Gold & Silver.
There have been  much more worse predictions that Bitcoin survived.. long corrections  do happen but you all don’t realise how hard it bounce back after.

Hold.. don’t be manipulated into selling.

Rightly said, I don't take any prediction seriously as well because they are mere speculations and the fact that we see different analyst make different prediction means they is no certainty in their statement and I won't be forced to make any decision because of their statements.

I feel sad for people that will get affected after reading this analysis, some will end up panic selling because they don't want to lose their investment. Many people who don't like Bitcoin are just waiting for the slightest opportunity to criticize it so this current price stumble has presented a perfect opportunity for them. I just hope people are not convinced into selling.

[rbynxx]

https://www.reddit.com/r/CryptoCurrency/comments/1qlg25q/mike_mcglone_urges_selling_bitcoin_as_gold_surges/

Well, it's not bad to hear the other side if it just gives some warning but I think it's outrageous that it will get to $10k tbh, even Michael Saylor would shit his pants if that happens. His a Bitcoin Bull but change his view, he's probably wanting more tbh to get some cheap ones so I wouldn't be surprised if that's the case.

They might be an analyst for a living but I don't think they've the great prediction. They're been analyzing other assets but not Bitcoin as it behaves differently and has more uncertain moves.

[freedomgo]

Another FUD again, let the dump continue. We’re not panicking here. Most of us are in this for the long term, so even if it goes back to $20k, it doesn’t really matter.

Following the trend, price always finds a way to recover. They can keep making negative predictions, it won’t change much. Bitcoin already proved many times that when it dumps, it’s an opportunity, and when it pumps, it’s another opportunity too. It’s all part of the cycle.

[Hewlet]

The cryptocurrency market “bubble is imploding” with Bitcoin’s price set to tumble another 85% to $10,000, warns Bloomberg Intelligence strategist Mike McGlone.

What do you expect? as long as bitcoin remains at this point, everyone that wants to get peoples attention will try to make a statement that suggest that they have an idea on where bitcoin is going to be in a set time. again, everyone is entitled to his opinion and can say what they want to say but the way you easily know that speculation like this are just mere speculation is what you sense an high level of IF in whatever they are trying to say.

Any random person can just come and state that bitcoin will fall down to zero or that this year bitcoin will get to $1M. should we take such a person serious just because he made such a statement? not at all na. bitcoin will get to a part of recovery very soon and all anti bitcoin blogs that tries to shine because of the current DIP will eventually found that there negative guesses only made sense just for a while.

[Pandu Geddon]

Usually you hear about people saying next month $250K now we got a guy saying just the opposite

I choose to ignore those speculations. If I'm not mistaken, there were even people who said that Bitcoin would drop to 0 or back to $1k. 
Everyone is free to speculate on Bitcoin's price, but our job is to either believe it or ignore it. 
We might be in this situation for a longer time, but the most important thing is to hold on, don't give in to speculations that could ruin plans we've made ourselves.

[Asuspawer09]

I mean kinda normal to be honest, Bitcoin was just down so we could easily expect a lot of speculation on Bitcoin that it is going to drop a huge amount, I mean that is what usually happened in Bitcoin investors are already starting to catch up on how the market is going to react, so most of the time, after a huge drop market might recover a little bit then a even huge drop might come, but since I guess the lowest might be around forty five thousand dollars, I just can't imagine how it is going to drop to then thousand dollars at this point since it already adapted in a lot of platform and places around the globe, not to mention the governments are supporting it already. Maybe if something like a Satoshi Bitcoin move, or some sort of war started, there might be a small chance it is going to drop that low, but other than that, it is going to be a long shot.

We just dont see any kind of this dump speculation when the market price is around 126k$, mostly want we read on articles are just Bitcoin is going to 250k$, something like that, now the we experience some kind of dump, articles about dropping even more is starting to roll out online, and I think that is just the way it is, there will be a lot of fear online, and if you dont know how to handle things you might sell your Bitcoin.

[FirmWars]

Saying that Bitcoin will tumble and fall to $10k too extreme, even if Bitcoin price will fall more, I can not believe it will fall till it gets to $10k  because Bitcoin can be going up and down within a particular price range until a whole year is over, saying that the price will fall to $10k is not a realistic prediction. Last year, Bitcoin was just moving from $70k to $100k to $110k and $120+ until the year got finished and similar thing could happen this year too, I might just get to $50k and back to $70k repeatedly until the year is over.

[Odusko]

Saying that Bitcoin will tumble and fall to $10k too extreme, even if Bitcoin price will fall more, I can not believe it will fall till it gets to $10k  because Bitcoin can be going up and down within a particular price range until a whole year is over, saying that the price will fall to $10k is not a realistic prediction. Last year, Bitcoin was just moving from $70k to $100k to $110k and $120+ until the year got finished and similar thing could happen this year too, I might just get to $50k and back to $70k repeatedly until the year is over.

Speculative statement like this is very common when there is market decline like we are having right now, and from the time the price of Bitcoin fell from $90k to 60k, $70k region, alot of people have being making some predictions that are over stressing their assumptions capacity saying that Bitcoin will fall back to $10k is sounding like an expectation that can never come to reality not now or even in the near future will that price actions happens, Bitcoin is going to recover very soon even if the price don't recover back to previous price, but not going to decline any ways.

[Bd officer]

Do you think Bitcoin will fall to $10k? As far as I know, Bitcoin was last at $10k in 2020 but has never been at $10k since then. Bitcoin was at $69k in 2021 and fell to $15k during the bear season. Now we have seen the all-time high of $126k again, there is no possibility of falling to $10k during this bear season. Actually, such predictions are unreasonable, it is better to avoid them. The bottom line is that no one can make an accurate prediction about the price of Bitcoin. So you should be careful of such analysts.

[Bitcoin_people]

There are many analysts who do this just to disappoint people, the thing that the OP shared here is definitely stupid, I think it is not possible. We know that not everyone knows how to do proper analysis, there are some people who do wrong analysis just to disappoint some new investors. However, according to the current market situation, I think that if the price of Bitcoin falls again, it will not go down much. However, there are some people who do this to lead the market to fall by making negative analysis and they want to buy from there later. Basically, some analysts do this to buy from deep, but those who are intelligent and knowledgeable will never pay attention to such analysis, but they will always think positively.

[Quantum_Resolve7987V]

Do you think Bitcoin will fall to $10k?

Of course not. That's NEVER going to happen. Not as long as LoyceV is around. 

But seriously, that's just not going to happen. Gold and silver have nothing to do with bitcoin so the analyst (poor excuse for an analysis, by the way!) seems to have mistaken some basic things...

Appreciate all the comments you guys know what's up!

[maydna]

No need to worry because if that is really happens, you have a big discount buying Bitcoin and must use it for your benefits. You should manages your emotion and not triggers because of that speculation. People can makes their speculation so do as you based on what you found.

But you don't have to overreaction knowing what others saying about Bitcoin. They are free saying all things even if that is fake but one thing that you don't have to panic, worry, or afraid.

You have your own speculation and believes on that. Everything will be back normal so no need to worry.

[batang_bitcoin]

Usually you hear about people saying next month $250K now we got a guy saying just the opposite

And that's normal, we hear bulls telling about high prices that they're anticipating. While the bears are saying the opposite thing. We've been hearing this a lot even if we're no longer in the bull run. The belief remains the same for these people. The same thing when bitcoin has plunged to $3k on 2018. By that then, people have been thinking of any possible low price that they're all waiting for. Which is right now, they're thinking of $10k and that's still possible even if we don't like to see that happen but, if so, that's another time for DCA.

[Awaklara]

Saying that Bitcoin will tumble and fall to $10k too extreme, even if Bitcoin price will fall more, I can not believe it will fall till it gets to $10k  because Bitcoin can be going up and down within a particular price range until a whole year is over, saying that the price will fall to $10k is not a realistic prediction. Last year, Bitcoin was just moving from $70k to $100k to $110k and $120+ until the year got finished and similar thing could happen this year too, I might just get to $50k and back to $70k repeatedly until the year is over.

For the short term, or at least this year, what you are saying is more realistic. Bitcoin may experience a deeper drop, but it will not reach $10k. If that happens, it is most likely that there has already been panic in the market, especially among institutions or parties using Bitcoin as a store of value. 
This year, we probably cannot hope for a new ATH, but what may happen is repeated up and down movements.