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Bitcoin price debate heats up with Bloomberg predicting $10K floor, Cryptoquant CEO arguing $30K is more realistic.

Market News
17 Oct 2026
Bitcoin
View Source
Neutral
Bitcoin price debate heats up with Bloomberg predicting $10K floor, Cryptoquant CEO arguing $30K is more realistic.

Bloomberg Intelligence strategist Mike McGlone predicts Bitcoin could fall to $10,000 if U.S. stocks drop 20%, citing market and bond yield pressures. Cryptoquant CEO Ki Young Ju counters this view, arguing that $30,000 is a more realistic floor based on $58 billion ETF inflows and 1.3 million BTC held by treasuries, supported by onchain metrics like MVRV. Meanwhile, Fidelity's analyst suggests a new bull market cycle might be starting with support around $56,488. The next key indicator is whether the Nasdaq 100 will drop 20%, triggering McGlone's scenario. Bitcoin currently hovers near $81,000 amid mixed signals and market volatility.

As of Oct 17, 2026 16:41 WIB, Bitcoin trades on Pluang at Rp1.460.508.042, showing a slight decline of 0.63% over the past day. Despite mixed views on its price floor, Bitcoin's market cap on Pluang stands at Rp29.601,89 trillion with a 24-hour trading volume of Rp421,64 trillion. The platform data also shows a strong buy interest with 66% of orders favoring purchases and a typical holding period of 111 days, highlighting steady investor engagement amid ongoing market debates.

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