Bitcoin at $10K? Bloomberg’s Mike McGlone Predicts Crypto Mayhem! 😱

by

Oh, Bitcoin. The darling of the crypto world, right? Well, according to Bloomberg’s very own Mike McGlone, we might all want to brace ourselves for a wild ride. McGlone boldly predicts that Bitcoin could not only take a dive… but maybe fall straight into the abyss. Zero, anyone? 🙄

He’s been saying this since 2018, when Bitcoin was a cool $10,000. Back then, McGlone predicted it would drop a zero. And guess what? He was 70% right! The crypto fell to $3,000. So, now he’s just dusting off his crystal ball and telling us the same thing. “I think it can go back to $10,000,” he says with the confidence of someone who’s clearly not betting their savings on it. Classic McGlone, am I right? 🧐

He compares this whole thing to “classic peak bull market stuff” – a phrase that probably makes people who lived through the dot-com bubble either laugh or cry. But McGlone’s not having a meltdown yet – he’s just speaking his truth, and it’s pretty terrifying. 😬

Stock Market, Meet Bitcoin’s Woes

But wait, there’s more. McGlone believes Bitcoin’s epic plunge won’t just stay isolated in the crypto world. Oh no. It’s going to trickle down into the stock market, too. Fantastic. Just what we all needed. 💀

He’s closely watching the VIX 200-day moving average, which is currently hovering at around 19.5. And, just in case you’re wondering, the S&P 500’s 120-day realized volatility is at a measly 10%. McGlone is predicting that if this trend continues, we’re in for more drama. “Maybe we’ll hit 16% volatility,” he says. I mean, who doesn’t love a little stock market volatility with their morning coffee? 😅

The $90,000 Support That Will Collapse (Probably)

So, what’s the big number here? McGlone’s got his eyes on Bitcoin’s $90,000 support. Right now, Bitcoin’s stuck between $90,000 and $100,000. But McGlone’s not optimistic. He thinks that support is going to crumble, and we’re heading toward a $50,000 price tag. Fabulous. Just fabulous. 💸

He points to the 200-day moving average, which has “rolled over,” a term that makes it sound like Bitcoin’s been doing somersaults in a bad way. He also mentions MicroStrategy’s 200-day moving average did the same thing back in August, so maybe we’ll get a little bounce. But McGlone’s final take? “It’s all about responsive sellers.” In other words: get ready for more rollercoaster moments! 🎢

Read More

2025-11-19 09:51