Bloomberg strategist: Bitcoin faces pressure to revert, could fall to $10,000

TechFlow, Dec 17 — According to Bloomberg Intelligence strategist Mike McGlone, after tailwinds such as ETF approvals, policy recognition, and mainstream adoption have been priced in, Bitcoin may face regression pressure, with prices potentially falling back toward $10,000. He noted that the surge in crypto assets and fully digested market expectations have altered the short-term risk-reward dynamic.