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Senior Commodity Strategist at Bloomberg Intelligence Mike McGlone, who previously stated that Bitcoin could drop to $10 000, has reaffirmed his forecast: in his opinion, the price of Bitcoin could still fall below this level. Several market analysts believe that such a scenario would require an extreme macroeconomic shock. In an interview with EllioTrades, McGlone noted that the bearish trend in the cryptocurrency market may not be over yet, and warned that Bitcoin will remain vulnerable if the value of global risk assets changes sharply.