Bloomberg analysts warn: Bitcoin will fall to $50,000 next year! BTC is currently facing three major pitfalls.

Bloomberg's senior commodity strategist Mike McGlone predicts that the price of Bitcoin will plunge 60% from this year's record high of $126,000 by 2026, likely hovering around $50,000. (Background: VanEck CEO stated: “If Bitcoin cannot resist quantum, we will exit,” as the old money shifts to ZCASH) (Context: Is Bitcoin experiencing a pullback or a new Bear Market? The key points you may have missed) Bloomberg Intelligence's senior commodity strategist Mike McGlone stated today (24) on LinkedIn that he predicts the price of Bitcoin will plunge 60% from this year's record high of $126,000 by 2026, likely around $50,000. Regarding his judgment, Mike McGlone provided reasons stating: Gold prices are soaring, oil prices are plummeting, while stock market volatility remains at historical lows. This phenomenon of “safe-haven asset frenzy and risk asset neglect” is highly likely to lead to a pullback in the prices of highly volatile and speculative crypto assets. Mike McGlone wrote: Will Bitcoin reach $50,000 or $150,000 in 2026? My prediction leans more towards $50,000, especially if the S&P 500 index experiences its third annual decline since 2008. Gold prices are skyrocketing in a parabolic fashion, while oil prices are crashing, and stock market volatility remains sluggish, which may suggest that the prices of highly volatile and speculative cryptocurrencies will experience some regression. Analyst: Three Major Factors Put Pressure on Bitcoin Amid the continuously declining Bitcoin price, which once approached the $80,000 defense line, the bearish voices on Bitcoin are not isolated. Analysts David Brickell and Chris Mills from the London Crypto Club issued a severe warning on Bitcoin's future in the latest weekly report released yesterday (23), outlining three core factors currently suppressing Bitcoin's price: First, selling power far exceeds buying power. David Brickell and Chris Mills pointed out that the big dump in October has expanded the liquidation size to over $20 billion, causing a “capital wreckage,” with the willingness of enterprise treasury (DAT) and institutional margin replenishment significantly reduced; second, Bitcoin Spot ETF has seen a net outflow of $3.5 billion this month, creating the worst record since February this year, indicating that market demand is nearing freezing point. Secondly, there is panic over the AI bubble. The recent violent fluctuations in the U.S. stock market have raised concerns that the massive capital expenditures of AI giants may not translate into profits, and Bitcoin has always been highly correlated with AI and tech growth stocks. Once the “AI bubble” faces a crisis, high-risk assets may become the primary target of market shocks. Finally, there is a liquidity shortage and uncertainty in the Fed's monetary policy. David Brickell and Chris Mills stated that the market originally expected the Fed to accelerate point shaving, but the Fed's actual actions have been very slow. Although the probability of a rate cut in December has risen to around 70%, there is still significant disagreement among Fed officials, and the liquidity tightening issue remains a major concern for the market. Related Reports: Crypto community resists JPMorgan report: sell-off funds, buy MicroStrategy and Bitcoin support On-chain data analysis: Is now the right time to buy the dip in Bitcoin? Rich Dad announces the dump of $2.25 million in Bitcoin: using profits to generate larger cash flow and then buy back more BTC! <Bloomberg analyst warns: Bitcoin will drop to $50,000 next year! BTC currently faces three major pitfalls> This article was first published on BlockTempo, the most influential blockchain news media.