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Journalist<\/p>\n<\/p><\/div>\n
Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n\n\n- Bloomberg analyst warns that Bitcoin could drop to $10K amid an overheated risk market.<\/em><\/li>\n
- Despite bearish predictions, Bitcoin remained bullish, trading at $84,288.24 with strong technical indicators.<\/em><\/li>\n<\/ul>\n
Bitcoin [BTC]<\/a>\u2019s price movements remain highly unpredictable, swinging between bullish and bearish trends.<\/span><\/p>\nBitcoins Bloomberg analyst\u2019s Bitcoin warning<\/h2>\n
Amid this volatility, Bloomberg analyst Mike McGlone has issued a cautious outlook, warning that Bitcoin could potentially drop to $10,000. <\/span><\/p>\nHe pointed to signs of an overheated risk market while gold continues its upward trajectory and<\/span>\u00a0said<\/a>,<\/p>\n\n\u201cGold is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that Bitcoin is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what matters.\u201d<\/p>\n<\/blockquote>\n
Drawing historical parallels, he also noted that BTC emerged in 2009 during the stock market\u2019s downturn following the mortgage crisis.<\/span><\/p>\nHe said<\/a>,<\/span><\/p>\n\n\u201c$100,000 Bitcoin Might Lose a Zero, Favoring Gold \u2013 #Bitcoin was born about when the #stockmarket bottomed in 2009 and has been a leader of one of the greatest risk-asset rallies in history, which may suggest what matters.\u201d<\/span><\/p>\n<\/blockquote>\nBitcoins Community reacts<\/h2>\n
Replying to this prediction, Dave Weisberger took to X (formerly Twitter) and outlined a hypothetical worst-case scenario where Bitcoin adoption stalls, gold narrative investors exit, the stock market collapses, and BTC\u2019s beta remains stable\u2014suggesting that under such extreme conditions, Bitcoin\u2019s price could decline. <\/span><\/p>\nHowever, he immediately dismissed these possibilities and stated<\/a>,\u00a0<\/span><\/p>\n\n\u201cNeedless to say, I think NONE of the above will happen with a CHANCE the stock market crashes, which, of course, would trigger a flood of liquidity\u2026\u201d<\/span><\/p>\n<\/blockquote>\nFurther sharing his optimism on Bitcoin, investor and entrepreneur Ted noted,\u00a0<\/span><\/p>\n\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/Ted-on-Bitcoin.webp\")
<\/a><\/p>\nSource: Ted\/X<\/p>\n<\/div>\n
However, if this major crash unfolds, the impact could be far more severe than anticipated, as highlighted by Bitcoin maximalist Joe Buchner, who stated,\u00a0<\/span><\/p>\n\n\u201cIf BTC dropped to 10k I think we\u2019d be in a larger global issue than worrying about that. WWIII maybe would be in play and even then I think BTC would get flooded with $ for safety.\u201d<\/span><\/p>\n<\/blockquote>\nBitcoins Bitcoin\u2019s current market trend<\/h2>\n
Yet, despite the prevailing market concerns and bearish predictions, Bitcoin continues to show resilience. <\/span><\/p>\nAt $84,288.24, BTC has gained 0.46% in the past 24 hours, according to CoinMarketCap<\/a>.<\/span><\/p>\n Notably, technical indicators such as the MACD and RSI suggest that BTC remains in a bullish phase, hinting at potential upward momentum.<\/span><\/p>\n\n
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- Bloomberg analyst warns that Bitcoin could drop to $10K amid an overheated risk market.<\/em><\/li>\n
- Despite bearish predictions, Bitcoin remained bullish, trading at $84,288.24 with strong technical indicators.<\/em><\/li>\n<\/ul>\n
Bitcoin [BTC]<\/a>\u2019s price movements remain highly unpredictable, swinging between bullish and bearish trends.<\/span><\/p>\n
Bitcoins Bloomberg analyst\u2019s Bitcoin warning<\/h2>\n
Amid this volatility, Bloomberg analyst Mike McGlone has issued a cautious outlook, warning that Bitcoin could potentially drop to $10,000. <\/span><\/p>\n
He pointed to signs of an overheated risk market while gold continues its upward trajectory and<\/span>\u00a0said<\/a>,<\/p>\n
\n
\u201cGold is up about the same amount in 2025 to March 13 \u2014 about 15% \u2014 that Bitcoin is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what matters.\u201d<\/p>\n<\/blockquote>\n
Drawing historical parallels, he also noted that BTC emerged in 2009 during the stock market\u2019s downturn following the mortgage crisis.<\/span><\/p>\n
He said<\/a>,<\/span><\/p>\n
\n
\u201c$100,000 Bitcoin Might Lose a Zero, Favoring Gold \u2013 #Bitcoin was born about when the #stockmarket bottomed in 2009 and has been a leader of one of the greatest risk-asset rallies in history, which may suggest what matters.\u201d<\/span><\/p>\n<\/blockquote>\n
Bitcoins Community reacts<\/h2>\n
Replying to this prediction, Dave Weisberger took to X (formerly Twitter) and outlined a hypothetical worst-case scenario where Bitcoin adoption stalls, gold narrative investors exit, the stock market collapses, and BTC\u2019s beta remains stable\u2014suggesting that under such extreme conditions, Bitcoin\u2019s price could decline. <\/span><\/p>\n
However, he immediately dismissed these possibilities and stated<\/a>,\u00a0<\/span><\/p>\n
\n
\u201cNeedless to say, I think NONE of the above will happen with a CHANCE the stock market crashes, which, of course, would trigger a flood of liquidity\u2026\u201d<\/span><\/p>\n<\/blockquote>\n
Further sharing his optimism on Bitcoin, investor and entrepreneur Ted noted,\u00a0<\/span><\/p>\n
\n<\/a><\/p>\nSource: Ted\/X<\/p>\n<\/div>\n
However, if this major crash unfolds, the impact could be far more severe than anticipated, as highlighted by Bitcoin maximalist Joe Buchner, who stated,\u00a0<\/span><\/p>\n
\n
\u201cIf BTC dropped to 10k I think we\u2019d be in a larger global issue than worrying about that. WWIII maybe would be in play and even then I think BTC would get flooded with $ for safety.\u201d<\/span><\/p>\n<\/blockquote>\n
Bitcoins Bitcoin\u2019s current market trend<\/h2>\n
Yet, despite the prevailing market concerns and bearish predictions, Bitcoin continues to show resilience. <\/span><\/p>\n
At $84,288.24, BTC has gained 0.46% in the past 24 hours, according to CoinMarketCap<\/a>.<\/span><\/p>\n
Notably, technical indicators such as the MACD and RSI suggest that BTC remains in a bullish phase, hinting at potential upward momentum.<\/span><\/p>\n
\n - Despite bearish predictions, Bitcoin remained bullish, trading at $84,288.24 with strong technical indicators.<\/em><\/li>\n<\/ul>\n
![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/Bitcoin-PA-Trading-View-scaled.webp\")
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