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bitcoin newsOct 17, 2026AI summary

McGlone Revives $10K Bitcoin Target as CryptoQuant CEO Points to $30K Floor

Edited by Steinar Vigdel Kolnes, Editor, Oslo

Bloomberg Intelligence’s Mike McGlone renewed his $10,000 bitcoin target, while CryptoQuant CEO Ki Young Ju argued that onchain data points to a floor nearer $30,000.

McGlone Revives $10K Bitcoin Target as CryptoQuant CEO Points to $30K Floor

Bloomberg Intelligence strategist Mike McGlone has again outlined a scenario in which bitcoin falls to $10,000, drawing a contrasting assessment from CryptoQuant CEO Ki Young Ju.

McGlone shared the outlook in a post on X, previewing an upcoming Bloomberg Intelligence report focused on a potential return to that price level.

Ki responded within hours, arguing that bitcoin’s onchain floor is closer to $30,000. The two assessments present sharply different views of where a potential bitcoin downturn could find a bottom.

Source: Bitcoin.com News

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