Bitcoin has been under pressure, and Bloomberg’s senior macro strategist, Mike McGlone, thinks the worst hasn’t even arrived yet. According to his latest forecast, the price of BTC will drop further down below $10,000, one of the most pessimistic forecasts among traders now. But for him, it’s not just about technical analysis. The main reason for his negative outlook stems from an easy money environment of recent years which brought out incredible rallies in the world of both cryptocurrencies and equities, and now all these excesses should come to an end.