Bloomberg Analyst: Bitcoin More Likely to Hit $10,000 Than Fall 30%

While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.
Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But Here’s What Might
For instance, cryptocurrency trader Mac remarked that $5,100 — 30% lower than current prices — will be the ultimate bot