Bitcoin▼ Bearish

Bloomberg Analyst Sees Bitcoin Falling to $10,000 on AI, ETF and Rate Risks

TradingGain Newsroom·8d ago·23 Oct 2026, 13:18 UTC

Bloomberg's Mike McGlone warns that Bitcoin could fall as low as $10,000. He points to ETF exhaustion, its link to stocks, possible Fed rate hikes, and wider macro pressure. For traders, this is a bearish call that ties Bitcoin's outlook to broader markets.

BTCAt the time of writing, Bitcoin traded at $81,756 (-0.05% in 24h).Live price →

Why it matters

McGlone cites ETF exhaustion as a possible drag on Bitcoin's price.
Bitcoin's movement with stocks could leave it exposed if equities weaken.
Possible Fed rate hikes and macro headwinds could pressure crypto and other assets.

What to watch next

Watch Fed rate decisions and Bitcoin ETF flows, and whether Bitcoin approaches the $10,000 level McGlone flagged.

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This brief is written by TradingGain from public reporting by Bitcoin Magazine.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.