{"id":55693,"date":"2026-04-03T04:16:14","date_gmt":"2026-04-03T04:16:14","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=55693"},"modified":"2026-04-03T04:16:15","modified_gmt":"2026-04-03T04:16:15","slug":"bitcoin-hits-weekly-low-on-oil-fears-as-analyst-teases-10k-btc-price-target","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=55693","title":{"rendered":"Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target"},"content":{"rendered":"<p>Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns.<\/p>\n<p>Bitcoin (BTC) gained a $10,000 price warning as stocks took a fresh hit over oil-supply fears at Thursday\u2019s Wall Street open.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p>$10,000 BTC prices may return as the market struggles to hold ground, says new analysis.<\/p>\n<\/li>\n<li>\n<p>Bitcoin and US stocks take a further beating as markets discount the odds of the Strait of Hormuz returning to \u201cnormal.\u201d<\/p>\n<\/li>\n<li>\n<p>Oil spikes to $114 per barrel in a volatile Wall Street open.<\/p>\n<\/li>\n<\/ul>\n<h2>BTC price \u201cmay be reverting\u201d to $10,000<\/h2>\n<p>Data from TradingView tracked BTC price action as it dipped below $66,000 to reach week-to-date lows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d4e92-1b33-75d6-bb7f-b51d6f2f9469.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD four-hour chart. Source: Cointelegraph\/<\/em><em>TradingView<\/em><\/figcaption><\/figure>\n<p>Bitcoin continued to field warnings from market participants over short-term and long-term price performance.<\/p>\n<p>In his latest analysis, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, even saw $10,000 coming back into play for BTC\/USD.<\/p>\n<p>\u201cBefore the biggest money pump in history in 2020-21, Bitcoin hovered around $10,000, and it may be reverting,\u201d he wrote in a summary on X.\u00a0<\/p>\n<p>McGlone argued that $10,000 had particular importance as the point at which Bitcoin futures markets first began trading almost a decade ago.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d4e8c-4bff-7edc-9e23-585a030915e2.png\" alt=\"Bitcoin Price, Markets, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>BTC\/USD vs. S&amp;P 500 chart. Source: Mike McGlone\/X<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-ad\">\u00a0<\/div>\n<p>Data from CoinGlass meanwhile put 24-hour crypto liquidations at over $400 million on Thursday.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d4e8b-af44-75c2-a95c-903946ac2bb9.png\" alt=\"Bitcoin Price, Markets, Market Analysis\" data-ct-img-zoomable=\"\" \/><figcaption><em>Crypto liquidation history (screenshot). Source: CoinGlass<\/em><\/figcaption><\/figure>\n<h2>Oil surges over supply woes as Bitcoin falls<\/h2>\n<p>US equities came under considerable pressure at the open, with the Nasdaq Composite Index down by more than 2% at the time of writing.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>US recession odds near 50%: Can Bitcoin copy 2020 comeback gains?<\/strong><\/em><\/p>\n<p>Gold found cause for a modest rebound after its own comedown earlier, with oil supplies through the Strait of Hormuz in the spotlight. WTI crude spiked to $114 per barrel as the US session began.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d4e8e-dcdc-7e62-862a-244a541920b7.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>CFDs on WTI crude oil one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<div data-ct-widget=\"inline-parallax-ad\">\u00a0<\/div>\n<p>Reacting, trading resource The Kobeissi Letter said that US inflation could hit 3.6% if prices sustained for two months.<\/p>\n<p>\u201cThis would put US inflation at its highest level since September 2023,\u201d it wrote on X.<\/p>\n<p>Prediction platform Kalshi showed declining odds of oil traffic reverting to \u201cnormal\u201d levels this year.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-04\/019d4e8d-cd3d-7410-b163-664c6c5b99ce.png\" data-ct-img-zoomable=\"\" \/><figcaption><em>Source: <\/em><em>Kalshi<\/em><\/figcaption><\/figure>\n<p>The volatility came as markets returned following an address to the nation by US President Donald Trump. As Cointelegraph reported, markets were disappointed by the event as Trump avoided key deescalation promises.<\/p>\n<p>Kobeissi founder Adam Kobeissi called the address the \u201cmost puzzling part of the Iran War yet.\u201d<\/p>\n<p>\u201cIt began with Iran&#8217;s President stating they have &#8220;no enmity&#8221; towards Americans and ended with President Trump escalating the Iran War, the exact opposite of what we have seen over the last 2 weeks from both sides,\u201d he told X followers.\u00a0<\/p>\n<blockquote><p>\u201cIt simply does not add up.\u201d<\/p><\/blockquote>\n<p><span class=\"[&amp;_a:hover]:no-underline [&amp;_a]:underline\">This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions.<\/span><\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. 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Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns. Bitcoin (BTC) gained a $10,000 price warning as stocks took a &hellip; <a title=\"Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=55693\"><span class=\"screen-reader-text\">Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":55695,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3812,5652,6270,10,159,97],"class_list":["post-55693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-cryptonews","tag-emilynews","tag-henbboventures-hyip","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=55693\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns. 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