Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum jumped 8% to $4,111 after recovering from a steep drop to $3,861

20/10/2025

Seoul Exchange’s Bold Venture into Digital Assets

20/10/2025

Expert Analyst Says “The Drop Was Just a Warning” for Cryptocurrencies, Says Danger Lies Ahead

20/10/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum jumped 8% to $4,111 after recovering from a steep drop to $3,861

    20/10/2025

    ETH Rebounds as Amazon Web Services Integrates Ethereum Payments for Businesses

    20/10/2025

    Ethereum is Predicted to Reach $ 4,534.16 By Oct 17, 2025

    20/10/2025

    ETH Tanks Then Snaps Back as Whales Load $480M, Cowen Turns Bullish

    19/10/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT sales spike 6% to $161.7m, Pudgy Penguins sales jump 165%

    19/10/2025

    Here’s When to Expect the SEA Token as OpenSea Trading Volume Spikes

    17/10/2025

    FIFA Hit With Swiss Criminal Complaint Over NFT World Cup Ticket Vouchers

    17/10/2025

    NFT markets rebound after $1.2B wipeout in Friday’s crypto crash

    15/10/2025

    Ethereum jumped 8% to $4,111 after recovering from a steep drop to $3,861

    20/10/2025

    Seoul Exchange’s Bold Venture into Digital Assets

    20/10/2025

    Expert Analyst Says “The Drop Was Just a Warning” for Cryptocurrencies, Says Danger Lies Ahead

    20/10/2025

    ETH Rebounds as Amazon Web Services Integrates Ethereum Payments for Businesses

    20/10/2025
  • Blockchain

    Shibarium and Ethereum Connected Again

    19/10/2025

    DeBox and BitMart to Advance Web3 Social Networking and Data Control

    19/10/2025

    Metya Joins Forces with Stability World AI to Boost Web3 Social Engagement And User Experience

    19/10/2025

    Hydra Network Taps DeAgentAI for Smarter, Safer, and Decentralized AI

    19/10/2025

    Quack AI Partners Solidus AI Tech to Drive AI-Powered Web3 Infrastructure

    19/10/2025
  • DeFi

    What Is World Liberty Financial? The Trump Family DeFi Project Explained

    19/10/2025

    Morpho Debuts DeFi Lending Opportunities on Sei Network, Advancing Cross-Chain DeFi Experience

    19/10/2025

    Jupiter launches Ultra v3 on Solana

    19/10/2025

    What Is FXRP? How Flare Is Bringing DeFi to XRP Holders

    18/10/2025

    How to Square Decentralized Finance With Regulatory Compliance

    18/10/2025
  • Metaverse

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025
  • Regulation

    Seoul Exchange’s Bold Venture into Digital Assets

    20/10/2025

    Crypto Wealth Skyrockets as Global Count of Millionaires Tops 240,000

    20/10/2025

    Revolutionary Move by South Korean Giants KG Inicis

    20/10/2025

    Kazakhstan launches Evo stablecoin with Solana and Mastercard

    19/10/2025

    AI revenue likely to fall $800b short, will it affect crypto AIs?

    19/10/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Expert Analyst Says “The Drop Was Just a Warning” for Cryptocurrencies, Says Danger Lies Ahead

    20/10/2025

    What Are Liquidations and Leverage?

    20/10/2025

    Binance’s 52nd HODLer Airdrop Project: What is Enso?

    20/10/2025

    USDe’s price glitch on Binance raises structural stability concerns

    19/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Tough year for blockchain gaming, but there’s a ‘shimmer of hope’

    17/10/2025

    MARBLEX Joins Microsoft to Accelerate AI-Driven Web3 Gaming Advancement

    16/10/2025

    Axie Infinity Introduces New Community Bounties and Expands Axie Quest

    14/10/2025

    ‘Eve Frontier’ Jumps Ship from Ethereum to Sui—Here’s Why

    13/10/2025

    Are Bitcoin Miners Now Abandoning BTC to Work on Artificial Intelligence? Industry Members Respond

    19/10/2025

    Bitcoin, Energy and the Future of Sustainable Crypto

    19/10/2025

    Bitcoin Hashrate Blasts to a Lifetime High of 1,157 EH/s

    19/10/2025

    Bitcoin Mining and Treasury Firms Falter Together as BTC Drops 4.6% on the Week

    19/10/2025

    California unclaimed crypto law strengthen owner safeguards

    19/10/2025

    SEC Chair Paul Atkins Pushes to Formalize ‘Innovation Exemption’ by End of 2025

    18/10/2025

    Innovative Sanction for a Crypto Investor Who Supported Russia

    18/10/2025

    California Becomes First State to Protect Unclaimed Crypto, Coinbase CLO Reacts

    18/10/2025

    Ethereum jumped 8% to $4,111 after recovering from a steep drop to $3,861

    20/10/2025

    Seoul Exchange’s Bold Venture into Digital Assets

    20/10/2025

    Expert Analyst Says “The Drop Was Just a Warning” for Cryptocurrencies, Says Danger Lies Ahead

    20/10/2025

    ETH Rebounds as Amazon Web Services Integrates Ethereum Payments for Businesses

    20/10/2025
  • MarketCap
NBTC News
Home»Bitcoin»Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When
Bitcoin

Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When

NBTCBy NBTC04/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Many analysts have weighed on the potential trajectory of the flagship cryptocurrency, Bitcoin. This time, Bloomberg analyst Mike McGlone has highlighted the possibility of Bitcoin price declining further and when this could happen.

Bitcoin Price Could Decline Further

In a tweet on his X (formerly Twitter) platform, McGlone noted that Bitcoin risks declining to $10,000 (which could happen by year-end) as it continues to battle the $30,000 resistance level. 

This resistance level has long been touted as the key to a sustained breakout in Bitcoin’s price. However, going by the analysis that McGlone shared, the odds seem to be against this happening. 

Bitcoin has risen significantly in 2023, considering that the crypto asset traded at around $16,000 at the beginning of the year. But, McGlone warned that this may be a “short-covering rally.”

As part of this analysis, he noted that liquidity in the Bitcoin ecosystem remained negative heading into the fourth quarter. This ultimately means there is more selling pressure than buying pressure, which could affect Bitcoin’s price. 

Another factor is the rising interest rates. McGlone noted that Bitcoin gained prominence in a “zero interest-rate world” with greater financial freedom. But now, Bitcoin (alongside other cryptocurrencies) might continue to endure a hangover as “global rates continue to rise.” 

Global inflation is said to be on the rise, and to curb it, authorities are raising interest rates, which could restrict spending and, by extension, the liquidity that goes into the crypto market. 

Meanwhile, the analysis noted Bitcoin’s importance in the grand scheme of things. Bloomberg Intelligence drew a correlation between the FED fund futures and Bitcoin’s price. According to projections, Bitcoin needs to decline further before there can be a liquidity reversal in those funds. 

While the Federal Reserve may not care about Bitcoin, he stated that Bitcoin’s “24/7-traded, leading indicator status could be gaining traction.”

BTC could fall to $10,000 | Source: X

The Fate Of The Broader Crypto Market

In another tweet, McGlone noted that cryptocurrencies “might be leaning into recession.” To drive home this point, he highlighted the relation between the crypto and stock market and stated that the latter could succumb to an “ebbing tide” suppose the stock market were to experience a “typical drawdown” due to a recession. 

Despite the “broader on-and-of-again fluctuations,” this projection is said to be reflected in the “downward trajectory” of the Bloomberg Galaxy Crypto Index (BGCI) and Russell 2000 Index (RTY) from their all-time highs in 2022. Both markets have remained tepid and continue to consolidate as they anticipate a “catalyst” that could spark a price surge. 

This analysis is similar to that of crypto analyst Nicholas Merten, who, while drawing out the direct relation between both markets, noted that if the stocks of big tech companies like Apple and Microsoft don’t start picking up, there could be a “really big problem” for the crypto market. 

Bitcoin price chart from Tradingview.com (BTC price $10,000 Bloomberg expert)

BTC price still holding above $27,000 | Source: BTCUSD on Tradingview.com

Featured image from Investor’s Business Daily, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum jumped 8% to $4,111 after recovering from a steep drop to $3,861

20/10/2025

Seoul Exchange’s Bold Venture into Digital Assets

20/10/2025

Expert Analyst Says “The Drop Was Just a Warning” for Cryptocurrencies, Says Danger Lies Ahead

20/10/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.