Bitcoin: McGlone Forecasts $10K Plunge

Bloomberg Intelligence's Mike McGlone delivers a stark warning: the crypto market crash has only begun, with Bitcoin eyeing a base case of $10,000 this year. In a fresh episode hosted by Michaël van de Poppe, McGlone argues that BTC could revert to pre-2020 levels, challenging bulls to hold above $75,000. He draws parallels to Gold, which he believes has peaked without new highs, setting up a prolonged ranging period ripe for trading opportunities.

McGlone's Bearish Blueprint for 2026

McGlone, who nailed Gold's 2025 surge against skepticism, now calls for commodities like oil dipping to $40 and T-Bonds outperforming everything. He highlights Bitcoin's historical hover around $10,000 before the 2020-21 pump, warning of a similar mean reversion. Van de Poppe echoes this, likening it to his own missed $100K BTC call in 2021, urging investors to capitalize on disinterest during ranges. The episode covers crypto crash drivers, stablecoins flipping Bitcoin, and Trump's economic parallels to Hoover.

Technical Confluence on BTC's 4H Chart

Price action on Bitcoin's 4-hour chart screams controlled bullish momentum, with the current quote at $78,137.21 grinding against the upper Bollinger Band resistance at $79,089.92—a classic volatility exhaustion zone that often precedes sharp pullbacks. Confluence builds as the EMA50 at $77,111.62 acts as immediate support, backed by the EMA200 at $74,429.67 for deeper retracements, while MACD's bullish golden cross at 372.27 signals underlying strength despite RSI's neutral 59.45 reading. Traders eye a tactical dip to that EMA50 confluence before resuming upside, especially if lower band support at $74,997.50 holds firm—mirroring the ranging setups McGlone flags for opportunistic entries amid BTC price prediction debates and broader Bitcoin crash 2026 fears. This setup weaves in viral buzz around BTC and emerging plays like TAO, positioning smart capital for the next leg.