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Fading QuicklySnapshot Window: 2026-09-14 22:20 UTC · ← Back to Crypto Overview
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ALERT: Bloomberg Intelligence strategist Mike McGlone warns Bitcoin could fall to $10,000 if the S&P 500 suffers a prolonged 20% drawdown.
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AI visual note: The chart from Mike McGlone/Bloomberg Intelligence plots Bitcoin's price alongside the S&P 500 (200-week moving average, L2) and Fed funds futures one year out (FF13-F1, L1) from 2019 to 2026, with Bitcoin currently near $76,746 (9/13/26 R1). Circled points highlight historical divergences where Bitcoin sold off sharply while equities held up—visually reinforcing McGlone's warning that a prolonged 20% S&P 500 drawdown could drag Bitcoin down toward $10,000, especially amid tightening Fed expectations signaled by the rising FF13-F1 curve.