Bitcoin Could Crash to $10,000 Unless It Hits $75K: Analyst Makes Bold Prediction!

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Markets

What to know:

  • Mike McGlone, Bloomberg Intelligence strategist, still believes Bitcoin could drop to around $10,000 unless it can climb and hold the mighty $75,000 mark, which is his “do or die” level.
  • Failing to breach $75,000? It’s all downhill from here, with the $10,000 floor being a solid landing zone.

Guess who’s back with the same old prediction? You guessed it! Mike McGlone, the Bitcoin prophet of doom, is again suggesting Bitcoin might be heading for a dramatic nosedive to $10,000. But this time, he’s laying down the law: $75,000 is the magic number.

If Bitcoin can reclaim that mystical $75,000 and actually stay there (no half-hearted attempts, please), then McGlone’s bear market prophecy is toast. If not? Well, buckle up because we’re headed for a trip down to $10,000-the last time we saw those kinds of prices was back in the wild, pre-pandemic days of 2020. Remember those? Neither do we.

The $10,000 Magnet

Ah, the beloved $10,000 price point. McGlone’s been hanging onto this prediction like a cat on a scratching post for weeks. And why? Because it’s not based on any temporary Bitcoin drama-it’s all about market structure. Back in the dark ages (2020), Bitcoin was chilling around $10,000, until a flood of fiat money-thanks to COVID-19 and government stimulus checks-pushed it into the stratosphere. You know, the kind of money-printing fiesta that had financial markets throwing caution to the wind.

“Before we had a money party in 2020-21, Bitcoin was living the simple life at $10,000,” McGlone reminded us all on LinkedIn. “And hey, it may be going back there!” Because $10,000 isn’t just a nice, round number-it’s like Bitcoin’s home base. It’s the most traded price zone since 2017, back when Bitcoin was the only game in town. Now? Not so much. There’s an entire army of tokens out there stealing Bitcoin’s thunder, and it’s draining some of the attention and capital that used to flow straight into the original crypto coin. Surprise, surprise, Bitcoin’s the old dog in a new, crowded park.

But McGlone doesn’t stop there. He’s got a whole theory about how other crypto projects, like stablecoins, are now the “cool kids” at the lunch table. Don’t believe him? Just wait until Ethereum steals Bitcoin’s crown, and the “flippening” (that’s crypto jargon for Ethereum overtaking Bitcoin) keeps going. Oh, and he thinks Tether might even outpace Ethereum by 2026. Watch out, world!

The $75K Invalidation Level

So, what’s the key to avoiding this epic Bitcoin crash? The holy grail: $75,000. McGlone insists that if Bitcoin can hold this level, we might see some serious market momentum. Forget about $126,000; that ship has sailed, people! But if Bitcoin struggles to stay above $75,000-or worse, gets rejected again-the downward spiral to $10,000 will be back on the table. It’s like a tug-of-war between the bulls and the bears, and right now, the bears are holding all the cards.

So, keep your eyes on the $75,000 mark, folks. It’s the line between Bitcoin’s redemption and an all-out plunge into the depths of the crypto abyss. Will the bulls take charge and prove McGlone wrong? Or will we be shopping for Bitcoin at bargain prices again? Only time will tell-because in crypto, anything can happen (but most likely, it’ll be chaos).

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2026-04-06 07:35