Price Prediction
McGlone and Cryptoquant Disagree on Bitcoin Price
Bloomberg Intelligence strategist Mike McGlone predicted Bitcoin could reach $10,000, while Cryptoquant CEO Ki Young Ju argued that the on-chain floor is closer to $30,000. McGlone's prediction was made in an X post, and he suggested a $10,000 support level based on potential market dynamics and central bank actions. In contrast, Cryptoquant CEO Ju pointed out that ETFs and treasury companies holding Bitcoin could bring the floor down to $30,000, using the MVRV metric to support his argument.