Bloomberg analyst Mike McGlone has warned that Bitcoin could drop to $10,000 due to renewed selling pressure and a weakened market structure. McGlone likened the current market conditions to the 2018 crash, citing ongoing pressure on risk assets, late-cycle ETF inflows, and a worsening macroeconomic environment as factors supporting a bearish outlook. McGlone noted that Bitcoin is currently trading between $90,000 and $100,000, suggesting that a breakdown from this range could see prices fall to $50,000. His analysis underscores the potential for significant downside in the cryptocurrency market amid challenging economic conditions.