Bitcoin’s recent price rebound has done little to calm concerns among market strategists, with Bloomberg Intelligence’s Mike McGlone cautioning that the world’s largest cryptocurrency may face another steep correction.
Key Takeaways
- Bloomberg Intelligence warns Bitcoin could revisit the $50,000 level in 2026.
- Bitcoin has gained 13% in 2025, lagging behind the S&P 500’s 17% rise.
- Analysts see weak momentum despite strong ETF inflows.
- Traders debate whether Bitcoin can hold the $100K–$103K range or face deeper tests.
Despite strong ETF inflows and renewed optimism from traders, Bitcoin’s performance has trailed traditional markets throughout 2025, signaling that the current uptrend could be losing strength.
Bloomberg’s Cautionary Outlook
McGlone pointed out that Bitcoin’s gains this year have been modest compared to broader equities, despite its historically higher volatility. According to Bloomberg Intelligence data, BTC’s yearly candle remains in positive territory but is gradually losing momentum as 2025 nears its end. The strategist noted that such patterns often precede periods of sharp price reversals, similar to past market cycles.
He warned that the asset could enter a prolonged trading range between $50,000 and $150,000 through 2026, especially if macroeconomic conditions continue to tighten and investor appetite for risk assets diminishes.
Traders Debate Short-Term Floor
Market analysts on X have been split on Bitcoin’s near-term outlook. Prominent trader Crypto Rover suggested that the cryptocurrency may have already found its bottom after bouncing sharply from the $100,000 support zone, highlighting the strong buying activity that emerged at lower levels.
Meanwhile, Michaël van de Poppe offered a more cautious take, warning that Bitcoin’s current rejection at key resistance levels could lead to another retest of $90,000–$93,000 if the $100K–$103K zone fails to hold.
He described the current phase as “normal pre-reversal behavior” and emphasized that confirmation of a sustainable uptrend is still missing.
Broader Market Context
McGlone also connected Bitcoin’s muted performance to waning strength across high-risk assets, citing copper’s reversal from record highs earlier this year as a parallel example. As global markets transition toward a slower, potentially deflationary environment, speculative assets like Bitcoin could face additional headwinds.
“The softening in commodities and equities suggests that the speculative cycle is cooling,” Bloomberg Intelligence noted in its report, adding that even traditionally volatile assets are showing signs of exhaustion.
Market Stalls Near $105K
After briefly dipping below $100,000 last week, Bitcoin managed to recover above the $105,000 mark, following reports that the U.S. government was nearing a resolution to end the prolonged shutdown. However, momentum has since faded, with traders awaiting confirmation of whether this rebound is the start of a new leg higher or merely a temporary relief rally.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/bitcoins-rally-in-danger-expert-sees-massive-price-crash-coming/
