Crypto Analyst Warns 90% Bitcoin Price Crash Is Coming, Here’s When

The Bitcoin price has soared to historic highs this year, but not everyone believes the rally will last. A new warning from a crypto analyst suggests that the world’s largest cryptocurrency could be on the verge of a dramatic price crash, with the possibility of erasing nearly all of its gains and tumbling back to levels not seen in ￰0￱ A 90% Bitcoin Price Crash Could Be Ahead In a recent interview on the David Lin Report, a financial news channel on YouTube, Bloomberg Intelligence senior commodity strategist Mike McGlone issued a stark warning for Bitcoin ￰1￱ years of accurately calling key price levels, including the surge to $100,000, McGlone now predicts that BTC could wipe out more than 90% of its gains, potentially falling back to $10,000 in this market ￰2￱ Reading: Pundit Calls Bitcoin Price Crash Below $93,000, Reveals Bear Targets From Here The Bloomberg strategist explained that Bitcoin’s climb to six figures on December 6 marked a major psychological ￰3￱ to him, that milestone was less a sign of long-term strength and more a signal that the market had ￰4￱ described the surge as a textbook example of “selling when there’s yelling,” meaning that investors often get caught up in the euphoria at the ￰5￱ Bitcoin crossed $100,000 on December 6, McGlone noted that gold has appreciated roughly 30%, while BTC has added only about 8%.

Stock market benchmarks such as the S&P 500 have also posted modest returns in the same period, leaving digital assets struggling to show ￰6￱ highlighted the growing connection between Bitcoin and broader equity markets, noting that its 48-month correlation with the S&P 500 now stands at ￰7￱ suggested that this pattern underscores Bitcoin’s transformation into a risk-on asset, moving in tandem with stock market performance rather than acting as an independent store of ￰8￱ to his bearish stance, the Bloomberg strategist pointed out that volatility signals are ￰9￱ August, the Volatility Index (VIX) hit its lowest level of the year at around 14.2, while Bitcoin simultaneously reached new ￰10￱ the end of the same month, volatility spiked again, suggesting that market sentiment may be ￰11￱ McGlone, these signals indicate that investors should prepare for a potential correction phase, with gold likely to continue outperforming BTC and other speculative ￰12￱ Says Bitcoin To $1 Million Is Unlikely During the interview, Lin questioned whether Bitcoin could ever climb to $1 million, pointing to the same logic that took the asset naturally from $10,000 to $100,000.

McGlone dismissed the idea, stressing that today’s market environment is fundamentally different and does not support such an ￰13￱ Reading: Is The Bitcoin Price Bottom In? Here’s What Social Sentiment Says The Bloomberg strategist explained that when Bitcoin was trading near $10,000, market sentiment was profoundly negative, which created the ideal conditions for a long-term ￰14￱ contrast, at a price above $100,000, the current market is crowded with long positions, making it harder for BTC to sustain upward ￰15￱ his view, the sheer weight of speculative exposure has left Bitcoin vulnerable to a potential retracement rather than setting the stage for exponential ￰16￱ image from Getty Images, chart from ￰17￱