Mike McGlone predicts bitcoin’s collapse to $ 50,000

Analysts warn that the growth of bitcoin BTC $90,914.23 Mezo Wrapped BTC 3.54% Market capitalization $43.36 million VOL. 24 hours $1.92 billion may be threatened despite the positive dynamics in 2025. According to Bloomberg Intelligence, the cryptocurrency has risen in price by 13%, which is significantly lower than the 17% growth of the S&P 500 index. Mike McGlone, senior strategist at the agency, believes that the market is showing signs of weakness, and the current recovery could end in a large-scale collapse.

McGlone noted that despite the steady inflow of investments into ETFs, bitcoin is gradually losing momentum. According to his estimates, in 2026, the price of BTC could drop to $ 50,000 if macroeconomic conditions deteriorate and investors lose interest in risky assets. He predicts that over the next year, bitcoin will trade in the range of $ 50,000 to $ 150,000.

In the short term, traders' opinions are divided. The Crypto Rover analyst believes that the asset has already reached the bottom after recovering from the $ 100,000 level, which was accompanied by large volumes of purchases. At the same time, Michael van de Poppe warns that in case of a deviation from key resistance levels, the $ 90,000-$ 93,000 zone may be retested if bitcoin does not hold support between $ 100,000 and $ 103,000.

Bloomberg also draws attention to the slowdown in the growth of high-risk assets, from cryptocurrencies to copper. Analysts believe that this may indicate the end of the speculative cycle. According to them, the global economy is entering a phase of moderate deflationary pressure, which creates additional obstacles for assets like bitcoin.

Currently, the price of BTC is hovering around $ 105,000 after briefly falling below $ 100,000 last week. Experts note that the market is waiting for confirmation whether this recovery is the beginning of a new growth or just a temporary rebound before a deeper correction.