Bloomberg analyst: BTC could retest $50K support level in 2026

Mike McGlone, a senior macro strategist at Bloomberg Intelligence, has warned that Bitcoin could fall to the $50,000 level in 2026, U.Today reported. He noted that Bitcoin's price is closely linked to stock market volatility and the recent strength in gold, pointing out that the combination of surging gold prices and low stock volatility has historically not been sustainable. McGlone further explained that if the stock market becomes unstable, Bitcoin could undergo a correction similar to other risk assets. He suggested that a spike in gold prices in 2025 could be interpreted as a leading signal of future market stress.