Bloomberg strategist Mike McGlone softened his bearish $BTC BTC fallback target to around $28,000 after earlier criticism of an extreme $10,000 call, showing a shift in price outlook debates.
BTC
66,222.81
-2.06%
Eric Trump doubled down on his bold prediction that Bitcoin could eventually reach $1 million, promoting crypto at a recent financial forum a highly bullish but speculative stance.
The average Bitcoin ETF investor is sitting on roughly ~20 % paper losses, indicating current bearish sentiment dominated by unrealized losses.
Some analysts are still pointing to higher long-term outcomes (e.g., $150,000 by end of 2026) despite short-term weakness.