Yes

>>Bloomberg analyst Mike McGlone unveils his latest Bitcoin (BTC) price forecast.

Bloomberg analyst Mike McGlone unveils his latest Bitcoin (BTC) price forecast.

crypthub

about 2 hours ago

Bitcoin's Weekly Recovery

Bitcoin rallied early this week as expectations for a December Fed rate cut grew, lifting it from a Friday low near $80,000 to above $86,000 today. The bounce may be short‑lived, however, with some analysts warning of a correction toward $50,000 next year.

Analyst Forecasts

Bloomberg Intelligence senior commodity strategist Mike McGlone said on LinkedIn that Bitcoin could drop 60% from its $126,000 record high, possibly reaching $50,000 amid macro uncertainty and rising risk‑on sentiment. He added that the crypto’s direction will likely be reshaped by the year‑end FOMC meeting and stock market moves, noting, “Is Bitcoin $50,000 or $150,000 in 2026? My guess is $50,000, especially if the S&P 500 posts a third consecutive decline since 2008.” This is not investment advice.