Bloomberg analyst softens Bitcoin decline forecast
Mike McGlone of Bloomberg Intelligence has revised his prediction of Bitcoin’s drop to $10,000, raising the target price to around $28,000 following a wave of criticism.
Source Incrypted
Previously, the expert linked a possible crash to the end of the market cycle and macro risks, describing the situation as a “stress test” for the crypto market. Currently, McGlone remains skeptical about crypto assets and warns of risks amid potential cooling of global markets.
Thus, while the forecast is less bearish, the analyst advises caution due to uncertainty and ongoing risks in the medium term.
