Senior Bloomberg strategist Mike McGlone identifies major resistance of 2026 for Bitcoin, with the flagship crypto facing a potential stress test this year.
Senior Bloomberg strategist Mike McGlone identifies major resistance of 2026 for Bitcoin, with the flagship crypto facing a potential stress test this year.Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.
Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available., arguing that January’s surge toward the $90,000 area may already represent this year’s ceiling if broader market stress returns., Senior Bloomberg Strategist Mike McGlone concluded a series of public notes published over the last five days. Of special importance is McGlone's framing for Bitcoin as the"tip of the risk-asset iceberg," not an isolated digital asset story, and the assumption that elevated levels of Bitcoin could become"potentially prudent shorts," particularly around the $90,000 BTC open in 2026.McGlone has reiterated his controversial thesis, which earned him the"McGloom" nickname in crypto circles, that the flagship cryptocurrency could revisit $10,000 in a"normal reversion" scenario. Morning Crypto Report: 12.25 Million XRP Leave OKX by February, Cowen Projects March Bitcoin Peak, USDT Liquidity Now Mirrors 2022 Bottom Crypto Market Review: XRP's Double Bottom Could Be Key, Bitcoin Is Literally on the Edge, Shiba Inu Price Is Trapped Now Still, he points to prepandemic trading concentrations as a statistical anchor. Furthermore, McGlone has identified the $28,000 to $66,000 range as a mean or modal zone derived from post-2023 price behavior.It is Bitcoin's inability to hold the mid-$70,000 region or break decisively below $64,000, for the expert, that would strengthen the case that crypto is leading risk assets lower. This, McGlone says, could lead to a reverse wealth effect, where falling digital asset valuations pressure equities, industrial metals and even treasury yields. While critics push back on the $10,000 BTC projection, McGlone has not withdrawn it. Instead, he positions it as an outer-bound scenario within a broader mean-reversion thesis. Ending "Credit Invisibility": How the AESC Layer 1 Uses a "Credit Oracle" to Transform $12 Trillion of Agricultural Data into Credit Liquidity
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to Watch Major League Soccer in 2026: A Complete GuideFans will no longer have to pay an extra subscription fee on top of Apple TV.
Read more »
Fallout Confirms Major Release Coming March 2026Nicholas Becher, MFA covers gaming at Screen Rant with expert insight, trusted news, and fan-focused analysis.
Read more »
Diplo’s Major Lazer Set for 2026 Winter Olympics Closing Ceremony PerformanceDiplo’s Major Lazer will perform during the 2026 Winter Olympics Closing Ceremony in Verona, Italy, on Feb. 22.
Read more »
The Legend of Aang Movie Gets Promising Update From Director Ahead of 2026 DebutAvatar: The Last Airbender's new movie is one major step closer to its 2026 debut
Read more »
2026 Autotrader 400 - Final Leaderboard - February 22, 2026View 2026 Autotrader 400 race, qualifier and practice leaderboards, live streams, bonus cameras, videos and odds information.
Read more »
F1 CEO Reacts To Major Criticism Over 2026 RulesFormula 1's new regulations have come under fire at preseason testing.
Read more »