Bitcoin Crash Risk Grows as McGlone Predicts Drop to $50,000

TLDR

• Bitcoin recently crossed the $90,000 mark but quickly pulled back after failing to break key resistance at $94,500.
• Bloomberg’s Mike McGlone warned that Bitcoin could fall to $50,000 in 2026 if market volatility rises.
• McGlone said that Bitcoin’s future depends on equity market stability and the ongoing strength of gold.
• He pointed to gold’s strong 2025 rally as a signal that traditional assets may be preparing for market stress.
• McGlone believes Bitcoin could mirror other risk assets and suffer if stocks become unstable.

Bitcoin has broken past the $90,000 level, but Bloomberg’s Mike McGlone expects a possible retreat to $50,000 in 2026. Despite the current bullish momentum, McGlone argues a reset could follow unless market volatility remains low, which raises concerns. Meanwhile, Bitcoin has slipped slightly in the last 24 hours after failing to sustain a key resistance.

Bitcoin Holds Gains but Analyst Predicts Deep Pullback

Bitcoin reached $94,395.30 before facing selling pressure that sent it down to $92,136.48 within the last 24 hours. The digital asset dropped 1.76% as it failed to break the $94,500 resistance, which led to strong profit-taking. However, trading volume rose 24.96% to $55.96 billion during this decline.

Bloomberg Intelligence strategist Mike McGlone has warned that Bitcoin may face a sharp drop to $50,000 by 2026. He believes that the flagship cryptocurrency could be hit by a broader market reset if volatility returns. “Bitcoin could retreat to long-term support around $50,000 in a clear market correction,” McGlone said.

According to him, Bitcoin’s outlook depends on equity market stability and gold’s strong recent performance, which he called a warning sign. He compared gold’s 2025 rally to its 1979 run, which preceded economic stress including inflation and recession. That, he said, could signal similar trouble ahead for newer risk assets like Bitcoin.

Gold’s Rise Sparks Warning of Bitcoin Crash

McGlone explained that gold “grabbed alpha” in 2025, outperforming other assets as global markets showed early signs of stress. He sees this as a prelude to increased volatility in 2026, especially if traditional assets reset. If so, Bitcoin could fall sharply due to its risk asset behavior.

He added, “Never before has the store of value rallied at such magnitude with equity volatility so low.” The strategist believes this setup is unlikely to last and suggests a possible reversal soon. Bitcoin, in his view, will face trouble if stocks lose stability over time.

Some analysts disagree and expect Bitcoin to hit $196,000 based on institutional support and recent ETF trends. But McGlone maintains that such conditions tend to reverse based on historic behavior during market inflection points. This adds weight to his prediction of a potential price reset.

ETF Outflows Follow Resistance Failure

Bitcoin’s recent pullback followed a failed breakout and triggered outflows in spot ETFs, breaking a trend of recent inflows. The shift indicates growing uncertainty even as volumes rise, reflecting increased trading activity around key price levels. ETF movements suggest cautious sentiment even while retail and institutional interest remains high.

As Bitcoin hovers near $92,000, it must hold current levels to avoid further correction toward support zones like $88,000 and $85,000. McGlone’s warning adds to ongoing concerns about long-term sustainability unless external markets remain stable. Traders are now watching equity volatility and gold prices closely as potential triggers.

At press time, Bitcoin trades at $92,136.48, down 1.76%, with strong resistance holding at $94,500, and ETF outflows continuing.

The post Bitcoin Crash Risk Grows as McGlone Predicts Drop to $50,000 appeared first on CoinCentral.