Bitcoin risks sharp decline if $100K support fails strategist warns

Bitcoin could face a prolonged decline towards $10,000 if it fails to hold above the $100,000 level, according to Bloomberg Intelligence strategist Mike McGlone.

McGlone warned in a post on X that losing six-figure support could signal a late-cycle turning point for Bitcoin and broader risk assets.

“$10,000 bitcoin path – 2025 fail may suggest prudent 2026 short,”

Mike McGlone said.

He said Bitcoin’s long-term performance has historically tracked periods of strong liquidity and reflationary risk appetite.

McGlone argued that current market conditions differ from earlier bull cycles that followed aggressive monetary stimulus.

“Launched in 2009, bitcoin has led liquidity-pumped reflation in risk-assets and staying below $100,000 could signal an end-game and normal reversion toward $10,000,”

Mike McGlone said.

He pointed to long-term moving averages rolling over during 2025 as a sign of weakening momentum.

McGlone said Bitcoin’s recent rebound attempts reflect a prove-strength phase rather than the start of a new bull market.