Is a $10K Bitcoin bottom back on the table? 📉
Bloomberg analyst Mike McGlone is signaling a potential "post-inflationary reset," suggesting $BTC could return to its $10,000 equilibrium—a level not seen since the 2020-2021 liquidity surge.
The Bear Case: • McGlone argues that the pandemic-era monetary expansion created an artificial peak.
• Indicators suggest a "deflationary reset" could drag BTC down alongside commodities like Oil.
The Counter-Argument: • Institutional adoption via ETFs and the growth of the derivatives market have significantly altered liquidity compared to 2020.
• Critics argue this is simply "FUD," noting that Bitcoin has matured beyond the 80-90% crash cycles of the past.
Is this a realistic technical correction or just noise? 🧵👇