$10,000 Bitcoin Path - 2025 Fail May Suggest Prudent 2026 Short - Prove-strength, is how I view Bitcoin and cryptos after rolling over in 2025 (200-day moving averages) and bouncing at the start of 2026. Launched in 2009, Bitcoin has led liquidity-pumped reflation in risk-assets and staying below $100,000 could signal an end-game, and normal reversion toward $10,000. Lots of hype, poor risk-adjusted performance since 2021, unlimited crypto supply, and the annual chart all highlight reversion toward $50,000 this year as a typical retracement for an asset that went up too much The potential dominoes - A top prerequisite for Bitcoin and its gaggle of cryptos to rise is a resilient stock market. Bitcoin and gold provided good alpha for about a decade. Up-too-much afflicted cryptos last year and may top metals this year, then what? Bitcoin is a leading candidate to guide post-inflation deflation. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6fo67kijh9k {BI COMD} #bitcoin #gold #stockmarket #macroeconomics @BBGIntelligence(Mike McGlone)