$BTC Bloomberg strategist Mike McGlone reiterates his bearish forecast that bitcoin could fall below the $10 000 mark, asserting that the cryptocurrency market continues to experience a prolonged sell-off driven by macroeconomic factors.

Several analysts question the likelihood of such a sharp decline, stating that a move to the $10,000 level would likely require an extreme global liquidity crisis or another extraordinary shock.
While some market participants see potential for further downside, overall they expect bitcoin to gradually decline or trade in a wide range rather than crash, with some arguing that a major bear market bottom may have already been reached.