Shocking Bitcoin Price Prediction by Bloomberg for Monday, November 10, 2025: Will BTC Drop Below $100K?

• The Bitcoin Bear Case: McGlone's Technical Warning
• Bullish Counterpoint: Eric Trump's Million-Dollar Thesis
• Market Mechanics at Play
• Historical Precedents and What Comes Next
• FAQ: Your Bitcoin Market Questions Answered

The cryptocurrency market remains under pressure as Bitcoin faces a critical juncture. Bloomberg's senior analyst Mike McGlone predicts BTC could fall below $100,000 by November 10, 2025, citing bearish technical indicators. Meanwhile, Eric Trump maintains bullish long-term optimism, calling Bitcoin a "world-class asset." This article breaks down both perspectives with market analysis, historical context, and expert commentary.

The Bitcoin Bear Case: McGlone's Technical Warning

Bloomberg Intelligence's Mike McGlone has sounded the alarm for bitcoin traders. His analysis hinges on a crucial technical development: BTC opened below its 200-day moving average (currently at ~$110,000) on November 3, 2025. "In my 15 years tracking crypto markets," McGlone notes, "this pattern has frequently preceded significant downturns." The 200-DMA now acts as formidable resistance, with the analyst predicting: "Bitcoin may open Monday November 10 below $100,000."

Supporting this view, the Bloomberg Galaxy crypto Index shows a 1% year-to-date decline while traditional markets (S&P 500 +16%) outperform. "The divergence suggests capital rotation from crypto to conventional assets," observes the BTCC research team. Historical data from TradingView indicates that previous instances of BTC sustaining breaks below the 200-DMA (like in Q2 2022) led to prolonged bear markets.

Bullish Counterpoint: Eric Trump's Million-Dollar Thesis

Contrasting sharply with McGlone, Eric Trump champions Bitcoin's long-term value proposition. "We're seeing Fortune 500 companies and even nation-states allocating energy resources to Bitcoin mining," Trump stated in a recent CNBC interview. He maintains his prediction of BTC reaching $1 million, citing:

• Accelerating institutional adoption through ETFs and 401(k) plans
• Growing use as treasury reserve assets by corporations
• Increasing hash rate despite price volatility (per CoinMarketCap data)

"I recommended buying at $50K, $80K, and $100K," TRUMP emphasized. "The fundamentals have only strengthened since then."

Market Mechanics at Play

The current standoff reflects deeper market dynamics. On derivatives platforms like BTCC, open interest for $95K-$100K put options has surged 300% week-over-week. Meanwhile, the futures premium (annualized) has compressed to just 8% versus 25% in September 2025 - suggesting weakening demand for Leveraged long positions.

Miners' behavior adds another layer. Blockchain.com data shows a 17% increase in BTC transfers to exchanges from mining pools, historically a precursor to selling pressure. However, some analysts argue this may represent hedging rather than capitulation.

Historical Precedents and What Comes Next

Examining previous cycles offers context. In 2021, BTC spent 48 days below its 200-DMA before rebounding. The 2018-2019 bear market saw 10+ months below this level. "The duration below the moving average will determine whether this is a healthy correction or structural downtrend," notes our BTCC analyst.

Critical levels to watch:

This article does not constitute investment advice.

FAQ: Your Bitcoin Market Questions Answered

Why is the 200-day moving average important for Bitcoin?

The 200-DMA serves as a key benchmark for institutional investors. Sustained breaks below often trigger algorithmic selling and portfolio rebalancing.

How reliable are Bloomberg's crypto predictions?

While respected, Bloomberg's analysts have had mixed accuracy. Their 2022 "Crypto Winter" call proved correct, but underestimated the 2023 rally.

What would cause Bitcoin to recover quickly?

Catalysts could include spot ETF inflows exceeding $500M daily or favorable regulatory developments from major economies.