Mike McGlone: Bitcoin Crash Just Begun

Bloomberg Intelligence's Mike McGlone, a top commodity strategist and vocal Wall Street bear, doubled down in an interview with trader Michaël van de Poppe (@CryptoMichNL), declaring the crypto market crash has barely started. He pegs Bitcoin (BTC) dropping to $10,000 not as a doomsday scenario but his core BTC price prediction, echoing patterns from past Bitcoin bear markets where recoveries followed brutal drawdowns—think the sharp rebounds after 2025's liquidity squeezes that hammered speculative assets like TAO and Bitcoin.

Zooming into the 4h chart, BTC grinds at $75,986.32 inside a bearish trench, with the EMA50 looming as resistance at $76,986.05 while the EMA200 anchors support below at $73,940.67—price action screams exhaustion as it hugs the lower Bollinger band near $75,732.67, but that MACD death cross at -332.28 signals sellers dominate, confluence here points to a probe lower toward EMA200 before any snapback, especially with RSI neutral at 37.84 hinting at no immediate oversold relief.