Crypto Analyst Predicts 90% Bitcoin Price Crash - Here’s When It Hits

Bitcoin's bull run faces a brutal reality check as analysts warn of an impending 90% collapse.

The Countdown Begins

Market watchers are sounding alarms that current euphoria mirrors previous bubble patterns—right before spectacular crashes. One prominent analyst points to historical cycles suggesting we're nearing the precipice.

Timing the Tumble

While exact dates remain speculative, the projection hinges on Bitcoin's typical four-year market cycles. Previous 90% corrections occurred after similar periods of overheated growth and mainstream FOMO.

Institutional Whiplash

Traditional finance giants who finally embraced crypto might get their fingers burned—again. Because nothing says 'sound investment' like volatile digital assets that can wipe out portfolios overnight.

Why A 90% Bitcoin Price Crash Could Be Ahead

In a recent interview on the David Lin Report, a financial news channel on YouTube, Bloomberg Intelligence senior commodity strategist Mike McGlone issued a stark warning for Bitcoin holders. After years of accurately calling key price levels, including the surge to $100,000, McGlone now predicts that BTC could wipe out more than 90% of its gains, potentially falling back to $10,000 in this market cycle.  

The Bloomberg strategist explained that Bitcoin’s climb to six figures on December 6 marked a major psychological threshold. According to him, that milestone was less a sign of long-term strength and more a signal that the market had overheated. He described the surge as a textbook example of “selling when there’s yelling,” meaning that investors often get caught up in the euphoria at the top. 

Since bitcoin crossed $100,000 on December 6, McGlone noted that gold has appreciated roughly 30%, while BTC has added only about 8%. Stock market benchmarks such as the S&P 500 have also posted modest returns in the same period, leaving digital assets struggling to show dominance. 

McGlone highlighted the growing connection between Bitcoin and broader equity markets, noting that its 48-month correlation with the S&P 500 now stands at 0.6. He suggested that this pattern underscores Bitcoin’s transformation into a risk-on asset, moving in tandem with stock market performance rather than acting as an independent store of value. 

Adding to his bearish stance, the Bloomberg strategist pointed out that volatility signals are shifting. In August, the Volatility Index (VIX) hit its lowest level of the year at around 14.2, while Bitcoin simultaneously reached new highs. By the end of the same month, volatility spiked again, suggesting that market sentiment may be changing. For McGlone, these signals indicate that investors should prepare for a potential correction phase, with Gold likely to continue outperforming BTC and other speculative assets. 

Analyst Says Bitcoin To $1 Million Is Unlikely 

During the interview, Lin questioned whether Bitcoin could ever climb to $1 million, pointing to the same logic that took the asset naturally from $10,000 to $100,000. McGlone dismissed the idea, stressing that today’s market environment is fundamentally different and does not support such an outcome. 

Related Reading: Is The Bitcoin price Bottom In? Here’s What Social Sentiment Says

The Bloomberg strategist explained that when Bitcoin was trading NEAR $10,000, market sentiment was profoundly negative, which created the ideal conditions for a long-term rally. By contrast, at a price above $100,000, the current market is crowded with long positions, making it harder for BTC to sustain upward momentum. In his view, the sheer weight of speculative exposure has left Bitcoin vulnerable to a potential retracement rather than setting the stage for exponential growth.