Bloomberg Intelligence Senior Commodity Strategist Mike McGlone Has made a judgment preparation for bitcoin. The strategist predicted that BTC could crash to the $ 10,000 level if a series of events occurred in the markets. He warned that gold prices over the $ 3000 brand are a triggering point for other assets to fall in value. The development puts pressure on the broader stock and the Cryptocurrency market, which can lead to a downward track.
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Bitcoin: BTC to $ 10,000? Analysts warn of a disaster
McGlone wrote in his Latest research document That if gold rises further, Bitcoin has more chances to south south. He added that if the S&P 500 index drops another 6%, it can cause damage to both warehouse and BTC. “Bitcoin back to $ 10,000? Peak took advantage of beta risks, rising gold. The gold is approximately the same amount in 2025 to March 13 about 15% as Bitcoin is down. But with Bitcoin to about $ 80,000, what stops these paths? About a decline of 6% in the S&P 500 can suggest what is important, “ He wrote on X.
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Bitcoin back to $ 10,000? Top leverage, rising gold – #Gold is up approximately the same amount 2025 to March 13 – about 15% – it #Bitcoin is down. But with Bitcoin to about $ 80,000, what stops these paths? About 6% decline in the S&P 500 can suggest what … pic.twitter.com/amgl0lanft
– Mike McGlone (@MikeMCGLONE11) March 14, 2025
However, McGlone’s research documents have a lot “if” with reference to “if this” happens, BTC can crash. Still, if nothing happens, as the S&P 500 dips another 6%, maybe bitcoin does not drop.