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One analyst revealed on Friday that Bitcoin may suffer from a 91 % decrease from the highest level in the currency of $ 109,000 per coin in January 2025, indicating that the most popular cryptocurrency has been disrupted.
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Mike McGlone believes that virgin encryption may decrease to up to $ 10,000 per currency, which raises interest that Bitcoin may face another deep correction similar to 2011 Bitcoin It decreased by 92 %.
BTC destroyed 10,000 dollars?
McGlone, a senior commodity expert in Bloomberg Intelligence, predicted that Bitcoin might go to what he described as a destructive collapse, which led to the slipping of the encryption to $ 10,000.
“Bitcoin dates back to $ 10,000?
If Bitcoin will drown to $ 10,000, it will represent a 90 % decrease from BTC’s Ever From 109,000 dollars in January 2025. On the other hand, it will decrease by 88 % if it is at its current price about 83,000 dollars.
Bitcoin returns to $ 10,000? The peak of experimental risks with the benefit of increased gold – #gold The same amount rises in 2025 to March 13 – about 15 % – that #Bitcoin lowest. But with Bitcoin at about $ 80,000, what stops these tracks? About 6 % decrease in S&P 500 can suggest what … pic.twitter.com/amgl0Lanft
– Mike Mcglone (@MKEMCGLONE11) March 14, 2025
The analyst explained that Bitcoin is likely to face an important correction that may push it down to $ 10,000. Historically, virgin encryption witnessed a deep correction in 2011 when BTC fell to 92 % of the highest level at the time.
Did the accident start?
In X Publishing, McGlone suggested that Bitcoin collapse to $ 10,000 may have already begun, indicating that risk markets show signs of high temperature during gold rise.
The analyst explained this gold He increased by 1 % while bitcoin decreased, saying: “But with Bitcoin at about $ 80,000, what stops these paths?”
“About 6 % decrease in S&P 500 can suggest what matters. The biggest launch of #EEETF in history, President Donald Trump turned To the very volatile and speculative #cryptos, it can prove to be re -elected [a] He added in one of the centers, indicating that BTC has reached the peak of a bubble similar to the point.
Refute
Many bitcoin supporters and analysts differ with MCGLONE analysis, with a coding analyst, David Weisberger to counter Bloomberg analyst, saying that his evaluation was defective.
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“When one looks at an option as a origin, this is what happens to one analysis. If there is a zero -zoin increase, and if those who invested in thinking about Bitcoin will change their mind, and if the stock market correction turns into a defeat, and if a“ house ”is stable, it is stable, then This scenario The clearest and Wespress.
He said that the scenario in McGlone analysis is unlikely to happen. “I think any of the above will not happen with an opportunity to pick up the stock market, which, of course, will lead to a flood of liquidity.”
Distinctive image from Gemini Imagen, the tradingvief chart
