Mike McGlone softens bitcoin downside target to $28,000 after backlash over $10,000 call

Mike McGlone, a well-known market analyst, has adjusted his previous bearish outlook on Bitcoin's price, now revising his downside target to $28,000. This change comes in response to significant backlash and criticism he received regarding his earlier prediction, which suggested that Bitcoin could plummet to as low as $10,000. McGlone's decision reflects a nuanced understanding of the cryptocurrency market's dynamics and signals his effort to temper investor concerns after the strong pushback against his more pessimistic forecast. source: https://www.coindesk.com/markets/2026/02/19/mike-mcglone-softens-bitcoin-downside-target-to-usd28-000-after-backlash-over-usd10-000-call