Bitcoin (BTC) Price Movements Remain Highly Unpredictable, Swinging Between Bullish and Bearish Trends

Bitcoin [BTC]’s price movements remain highly unpredictable, swinging between bullish and bearish trends.

Bitcoin [BTC]’s price movements have been highly unpredictable of late, swinging between bullish and bearish trends.

As this volatility continues, Bloomberg analyst Mike McGlone has issued a pessimistic outlook, warning that Bitcoin could potentially drop to $10,000.

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McGlone’s warning

Amid signs of an overheated risk market while gold continues its upward trajectory, the analyst stated that, “Gold is up about the same amount in 2025 to March 13—about 15%—that Bitcoin is down. But with Bitcoin at about $80,000, what stops those trajectories? About a 6% decline in the S&P 500 could suggest what matters.”

The analyst went on to draw historical parallels, noting that BTC emerged in 2009 during the stock market’s downturn following the mortgage crisis.

“$100,000 Bitcoin Might Lose A Zero, Favoring Gold— #Bitcoin was born about when the #stockmarket bottomed in 2009 and has been a leader of one of the greatest risk-asset rallies in history, which may suggest what matters,” McGlone added.

Community reacts

Replying to this prediction, Dave Weisberger took to X to enumerate a hypothetical worst-case scenario in which Bitcoin adoption stalls, gold narrative investors exit, the stock market collapses, and BTC’s beta remains stable—suggesting that under such extreme conditions, Bitcoin’s price could decline.

However, he immediately dismissed these possibilities and stated, “Needless to say, I think NONE of the above will happen with A CHANCE the stock market crashes, which, of course, would trigger a flood of liquidity…”

Further sharing his optimism on Bitcoin, investor and entrepreneur Ben Marzinella highlighted the possibility of "losing a zero" from Bitcoin's price in a year's time.

Source: Ben Marzinella/X

However, if this major crash unfolds, the impact could be far more severe than anticipated, as highlighted by Bitcoin maximalist Joe Buchner, who stated, “If BTC dropped to 10k I think we’d be in a larger global issue than worrying about that. WWIII maybe would be in play and even then I think BTC would get flooded with $ for safety.”

Bitcoin’s current market trend

Yet, despite the prevailing market concerns and bearish predictions, Bitcoin continues to show resilience as it trades at $84,288.24 and has increased by 0.46% in the past 24 hours, according to CoinMarketCap.

As BTC navigates this turbulent phase, technical indicators provide valuable insights. Notably, the MACD and RSI suggest that BTC remains in a bullish phase, which could be related to the recent price action and hints at potential upward momentum.

Source: TradingView

Therefore, while skepticism and bearish narratives persist, market dynamics indicate that Bitcoin’s trajectory is still unfolding, leaving investors watching closely for the next big move.