Bloomberg Intelligence senior commodity analyst Mike McGlone projects Bitcoin could drop to $10,000 by 2026, implying a potential decline of approximately 75% from the $40,000-$42,000 area. McGlone identifies $75,000 as the critical level BTC must reclaim to invalidate his bearish forecast. The analyst, known for macro commodity research, issued the price target as a conditional scenario rather than a definitive prediction.

What to Read Next

signal Solo Bitcoin Miner With 0.00002% Hashrate Beats 1-in-28,000 Odds to Win $200K Block Reward A solo Bitcoin miner operating with just 0.00002% of the network's total hashrate successfully solved a block, earning a reward exceeding $2 Continue To Article signal China Central Bank Continues Gold Buying Spree for 17th Consecutive Month The People's Bank of China has continued purchasing gold reserves for the 17th consecutive month, maintaining a sustained accumulation trend Continue To Article signal Grayscale Urges Crypto Industry to Accelerate Quantum Preparations Following Google AI Research Grayscale cites Google Quantum AI research estimating 1,200-1,450 logical qubits could challenge encryption. Solana and XRP Ledger experimen Continue To Article signal BTC Network-Wide 8-Hour Average Funding Rate at 0.0007% Bitcoin current network-wide 8-hour average funding rate stands at 0.0007%, reflecting neutral leverage sentiment across the market. Continue To Article signal Ethereum 8-Hour Funding Rate Stands at Negative 0.0019% Ethereum (ETH) whole-network 8-hour average funding rate is reported at -0.0019%, indicating that short-position traders are paying a small Continue To Article signal GMGN Scanner Detects BabyMelani New Token Launch on Solana with $48.9K Market Cap GMGN API-first scanner detected BabyMelani (SOL) newly launched approximately 30 minutes ago. Current market cap stands at $48.9K with 560 h Continue To Article
Share this article
The link has been copied!