Bitcoin Faces Severe Collapse Risk Toward $10,000
- Increased Market Pressure: Bloomberg Intelligence senior commodity strategist Mike McGlone warns that Bitcoin could plummet to $10,000 from its current price of around $63,000, having dropped nearly 50% from its 2025 peak of $126,000, indicating significant market stress and liquidity issues.
- Reduced Liquidity: McGlone notes that 2026 will be challenging for traders due to decreased liquidity, slower growth, and fading speculative excess, with hawkish U.S. monetary policy and slower rate cuts further constraining market liquidity.
- Ongoing ETF Outflows: He highlights that persistent ETF outflows and low risk appetite exacerbate market instability, as Bitcoin's implied volatility approaches the peak seen during the FTX collapse, signaling extreme market anxiety.
- Capitulation Phase Signals: While some analysts argue that the current decline is not the start of a complete collapse but rather a reset following sharp gains in 2024 and 2025, high risks remain, as further price drops could strain large corporate holders and highly leveraged traders.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36441.945 | 48220.973 | 61177.695 | 72956.723 | 85913.445 | 97692.473 | 110649.195 |
| Fibonacci | 48220.973 | 57670.029 | 63507.666 | 72956.723 | 82405.779 | 88243.416 | 97692.473 |
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