Major Bitcoin Crash Warning: Analyst Warns BTC Could Fall to $10,000

Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has made a doomsday prediction 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 above the $3,000 mark are a triggering point for other assets to plummet in value. The development puts pressure on the broader stock and cryptocurrency market, which could lead to a downward trajectory.

Bitcoin is currently hovering around the $83,750 level and remains trading sideways in the charts. It has dipped close to 15% in the last 30 days and is exactly opposite to gold where it ROSE nearly to 15% year-to-date. The inflow of funds from institutional investors is moving into gold and the commodity markets leaving stock and cryptocurrencies in the limbo. The move could put BTC on a slippery slope with higher chances of a price dip.

Bitcoin: BTC to $10,000? Analyst Warns of a Disaster

McGlone wrote in his latest research paper that if gold rises further, Bitcoin has more chances of heading south. He added that if the S&P 500 index dips another 6%, it could cause damage to both stocks and BTC.he wrote on X.

Bitcoin Back to $10,000? Peak Leveraged Beta Risks, Rising Gold – #Gold is up about the same amount in 2025 to March 13 — about 15% — that #Bitcoin is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what… pic.twitter.com/aMgL0LANFt

The analyst wrote that Trump’s bet on speculative cryptocurrencies could fuel the Bitcoin crash further.he summed it up.

However, McGlone’s research paper has a lot of ‘IF’ citing ‘IF THIS’ happens then BTC could crash. Nonetheless, if nothing happens, like the S&P 500 dipping another 6%, Bitcoin might not plummet.