Bloomberg Senior Analyst Mike McGlone suggested that Bitcoin (BTC) could still fall to $10,000.
Mike McGlone October 3 published on his official social media account on in postWhile warning of recession for the cryptocurrency market, Bitcoin is still 10 thousand dollars He said it could drop to levels.
Discussing the recent decline in Bitcoin, McGlone said: Lack of liquidity in the 4th quarter He stated that its stay may have negative effects on the price. When Bitcoin first came out interest rates are low The analyst stated that the cryptocurrency market rise against the possibility of recession He implied that he was surprised that it continued.
Saying that the US Federal Reserve (FED) does not care much about cryptocurrencies, McGlone said that Bitcoin will increase within the year. with most risky assets He stated that there was an increase but that this would be short-lived.
McGlone also said Bitcoin 30 thousand dollar resistance It is still an important level and There is a risk of falling to 10 thousand dollars expressed.