Bloomberg strategist Mike McGlone's prediction that Bitcoin may fall below $10000 is questioned

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, reiterated his pessimistic prediction that Bitcoin may fall below $10000, citing that the cryptocurrency market is still in a bear market driven by macro factors. Currently, the price of Bitcoin is around $70000. Several market analysts strongly refute this, believing that a drop to $10000 would require an extremely rare macro liquidity crisis. Quantum Economics CEO Mati Greenspan pointed out that the daily trading volume of Bitcoin has reached tens of billions of dollars, and a bear market bottom may have formed in 2022. Some analyses suggest that the more likely accumulation range is between 30000 and 40000 dollars.