{"id":841194,"date":"2025-04-15T21:13:12","date_gmt":"2025-04-16T02:13:12","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/15\/bitcoin-to-10000-top-analyst-issues-a-stark-warning\/"},"modified":"2025-04-15T21:13:12","modified_gmt":"2025-04-16T02:13:12","slug":"bitcoin-to-10000-top-analyst-issues-a-stark-warning","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/15\/bitcoin-to-10000-top-analyst-issues-a-stark-warning\/","title":{"rendered":"Bitcoin To $10,000? Top Analyst Issues A Stark Warning"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<figure>\n\t\t\t\t\t\t\t<img width=\"860\" height=\"860\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Gemini_Generated_Image_j4qd8j4qd8j4qd8j.jpg?fit=860%2C860\" alt=\"bitcoins Bitcoin\" loading=\"eager\" decoding=\"auto\" fetchpriority=\"high\"  >\t\t\t\t\t\t<\/figure>\n<div>\n<div>\n<div>\n<h3>Reason to trust<\/h3>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/04\/logo.png\"><\/p>\n<\/p><\/div>\n<div>\n<div>\n<div>\n                <svg width=\"12\" height=\"12\" viewBox=\"0 0 12 12\" fill=\"currentColor\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\" \/><\/svg>      <\/p>\n<p>Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n<div>\n                <svg width=\"12\" height=\"12\" viewBox=\"0 0 12 12\" fill=\"currentColor\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\" \/><\/svg>      <\/p>\n<p>Created by industry experts and meticulously reviewed<\/p>\n<\/p><\/div>\n<div>\n                <svg width=\"12\" height=\"12\" viewBox=\"0 0 12 12\" fill=\"currentColor\"><path d=\"M10.2492 0.703125L4.75078 7.95234L1.5 4.70391L0 6.20391L4.99922 11.2031L12 2.20312L10.2492 0.703125Z\" \/><\/svg>      <\/p>\n<p>The highest standards in reporting and publishing<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<div>\n<div>\n<h5>How Our News is Made<\/h5>\n<\/p><\/div>\n<p>Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n<div>\n<div>\n<h5>Ad discliamer<\/h5>\n<\/p><\/div>\n<p>Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p><span>An analyst revealed on Friday that Bitcoin might suffer a 91% decline from the coin\u2019s all-time high of $109,000 per coin in January 2025, suggesting that the most popular cryptocurrency could potentially crash.\u00a0<\/span><\/p>\n<p><span>Mike McGlone believes that the firstborn crypto might plummet to a low of $10,000 per coin, reigniting concerns that Bitcoin might experience another deep correction similar to 2011 when <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> dipped by as much as 92%.<\/span><\/p>\n<h2>Bitcoins <span>BTC To Crash To $10K?<\/span><\/h2>\n<p><span>McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, predicted that Bitcoin might be heading to what he described as a devastating collapse, resulting in the crypto sliding to $10,000.<\/span><\/p>\n<blockquote>\n<h4><span>\u201cBitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold \u2013 #Gold is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that #Bitcoin is down,\u201d McGlone said.<\/span><\/h4>\n<\/blockquote>\n<p><span>If Bitcoin will plunge to $10,000, it will represent a 90% decrease from BTC\u2019s <a href=\"https:\/\/www.nasdaq.com\/articles\/bitcoin-down-25-its-all-time-high-heres-why-its-still-buy\" rel=\"nofollow\">all-time high<\/a> of $109,000 in January 2025. On the other hand, it will fall by 88% if based on its current price of about $83,000.<\/span><\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold \u2013 <a href=\"https:\/\/twitter.com\/hashtag\/Gold?src=hash&#038;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Gold<\/a> is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&#038;P 500 could suggest what\u2026 <a href=\"https:\/\/t.co\/aMgL0LANFt\" rel=\"nofollow\">pic.twitter.com\/aMgL0LANFt<\/a><\/p>\n<p>\u2014 Mike McGlone (@mikemcglone11) <a href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1900506575128744121?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 14, 2025<\/a><\/p>\n<\/blockquote>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/a_97f7b5.png?w=860&#038;resize=860%2C637\" alt width=\"860\" height=\"637\"   loading=\"lazy\"><\/p>\n<p><span>The analyst explained that Bitcoin is more likely to face a significant correction that might push it downward to $10,000. Historically, the firstborn crypto experienced a deep correction in 2011 when the BTC declined to 92% from its high at that time.<\/span><\/p>\n<h2>Bitcoins <span>Has The Crash Begun?\u00a0<\/span><\/h2>\n<p><span>In an X post, McGlone suggested Bitcoin\u2019s crash to $10,000 may have already started, citing that risk markets are showing signs of overheating while gold rises.<\/span><\/p>\n<p><span>The analyst explained that <a href=\"https:\/\/goldprice.org\/\" rel=\"nofollow\">gold<\/a> has increased by 1% while Bitcoin went down, saying, \u201cBut with Bitcoin at about $80,000, what stops those trajectories?\u201d\u00a0<\/span><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/du5eW9Uu\/\" alt width=\"2048\" height=\"959\" loading=\"lazy\"><figcaption>BTCUSD trading at $84,355 on the daily chart: TradingView.com<\/figcaption><\/figure>\n<p><span>\u201cAbout a 6% decline in the S&#038;P 500 could suggest what matters. The biggest #ETF launch in history, President Donald <a href=\"https:\/\/www.forbes.com\/sites\/edanyago\/2025\/03\/12\/what-nobody-understands-about-trumps-bitcoin-reserve\/\" rel=\"nofollow\">Trump\u2019s shift<\/a> to highly volatile and speculative #cryptos, and reelection could prove [a] peak-bubble akin to about 25 years ago,\u201d he added in a post, suggesting that BTC might have reached the peak of a dot-com-style bubble.<\/span><\/p>\n<h3><span>Rebuttal Of The Analysis<\/span><\/h3>\n<p><span>Many Bitcoin proponents and analysts disagree with McGlone\u2019s analysis, with one crypto analyst, David Weisberger countering the evaluation of the Bloomberg analyst, saying his assessment was flawed.<\/span><\/p>\n<blockquote>\n<h4><span>\u201cWhen one considers an option as an asset, THIS is what happens to one\u2019s analysis. If there was ZERO increase in Bitcoin adoption and IF those who invested thinking Bitcoin will demonetize gold change their minds and IF the stock market correction turns into a rout, and IF \u201cBETA\u201d was stable,\u00a0<\/span><span>Then <a href=\"https:\/\/x.com\/daveweisberger1\/status\/1900536589085798882?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1900536589085798882%7Ctwgr%5E7c663f60191673b42b52c3c79f3f9463b2b417f1%7Ctwcon%5Es1_&#038;ref_url=https%3A%2F%2Fthecryptobasic.com%2F2025%2F03%2F14%2Fbitcoin-price-risks-crash-to-10k-says-bloomberg-analyst%2F\" target=\"_blank\" rel=\"nofollow\">this scenario <\/a>could play out,\u201d Weisberger explained.\u00a0<\/span><\/h4>\n<\/blockquote>\n<p><span>He argued that the scenario in McGlone\u2019s analysis is unlikely to happen. \u201cI think none of the above will happen with a chance the stock market crashes, which, of course, would trigger a flood of liquidity.\u201d<\/span><\/p>\n<p><em>Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/p><\/div>\n<div id=\"author-box\">\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"bitcoins Christian Encila\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/Jet-Bitcoinist-Profile.jpg?resize=200%2C200\"  height=\"80\" width=\"80\">\t\t<\/p>\n<div id=\"5e13e4dcb9399df395170f89abc1a11c38653085\">\n<p>They say journalists never truly clock out. But for Christian, that&#8217;s not just a metaphor, it&#8217;s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.<\/p>\n<div>\n<p>Christian&#8217;s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later).<\/p>\n<p>Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling &#8211; right up his alley!<\/p>\n<p>So, he landed a killer gig at NewsBTC, where he&#8217;s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). <\/p>\n<p>Think Christian&#8217;s all work and no play? Not a chance! When he&#8217;s not at his computer, you&#8217;ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.<\/p>\n<p>Speaking of chill, Christian&#8217;s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better.<\/p>\n<p>Here&#8217;s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day &#8211; and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.<\/p>\n<p>Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors &#8211; and bosses &#8211; he deeply respects.<\/p>\n<p>So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><strong>Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes<br \/>\n\t\t\t\t\t\t\tonly. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any<br \/>\n\t\t\t\t\t\t\tinvestments and naturally investing carries risks. You are advised to conduct your own<br \/>\n\t\t\t\t\t\t\tresearch before making any investment decisions. Use information provided on this website<br \/>\n\t\t\t\t\t\t\tentirely at your own risk.<\/p>\n<\/p><\/div>\n<p> Christian Encila <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-to-10000-top-analyst-issues-a-stark-warning\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies<\/p>\n","protected":false},"author":1,"featured_media":841195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23380,4041],"tags":[11476],"class_list":{"0":"post-841194","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analyst","8":"category-bitcoin","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=841194"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/841194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/841195"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=841194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=841194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=841194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}