Bloomberg commodity strategist Mike McGlone explains his bearish turn on Bitcoin outlook and broader market expectations for 2026.
Bitcoin Price News

The price of Bitcoin (BTC) can refer to either the energy cost of maintaining and securing the Bitcoin network through mining or the market value of BTC at a particular moment or over the course of time. Most of the discourse tends to surround the latter.
Bitcoin is a radically market-driven asset that is not backed by any commodity or central authority. As such, Bitcoin price movements tend to be volatile. Bitcoin’s price today will be different from Bitcoin’s price tomorrow. Ultimately, the price of Bitcoin is the result of the combined activities of a global community of stakeholders including miners, traders and consumers.
There are various theories on how the market values (or ought to value) the price of BTC, from the supply-based pricing model, which necessitates increasing demand for value to increase, or the efficient-markets hypothesis (EMH), which asserts an ultraefficient, omnipotent marketplace that has already factored in the necessary information, to the stock-to-flow (STF) model, which measures an asset’s scarcity by tracking the ratio between current supply and annual production rate. This last model has attracted many in the BTC community for its thorough analysis and incredibly bullish sentiment.
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Bitcoin bull market optimism has suffered since the October crash, as chances of a short-term BTC price rally above $100,000 appeared to be fading.
1908 - Market Update
Bitcoin dropped further below $90,000 while gold and silver kept beating records, leading to a long-term price forecast of $23,000.
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BTC price faces pressure as markets brace for a sustained rise in long-term yields driven by economic deficits, particularly in Japan.
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Bitcoin's profit cycle has turned negative for the first time since 2023, suggesting that BTC is transitioning into a bear market
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Some Bitcoiners are “highly skeptical” that quantum computing is to blame for Bitcoin’s sideways price action, while others argue it’s a major issue.
1940 - Market Analysis
Bitcoin derivatives markets show traders holding steady, but the path back to $95,000 relies on institutional inflows returning, especially after this week’s $1.58 billion outflow.
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An actively managed fund blends Bitcoin, precious metals and mining stocks as asset managers expand crypto’s role in macro and capital-preservation strategies.
2125 - Market Analysis
Bitcoin's price rally to $90,000 failed to hold after 16,653 BTC were sent to exchanges, but an improving spot market suggests traders see BTC’s current pricing as discounted.
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US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart.
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Pantera Capital predicts a year of significant consolidation for corporate crypto treasuries, with a few large players dominating digital asset demand while smaller ones get bought up.
1622 - Markets News
Bitcoin long-term holders of two years or more broke records during 2024 and 2025, says a new analysis of the latest bull market.
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The fund targets institutional investors seeking returns beyond traditional long-only, “vanilla” Bitcoin exposure.
1265 - Market Analysis
Bitcoin’s onchain structure “remains fragile,” said Glassnode, warning of a prolonged consolidation period ahead for BTC price.
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The company also plans private debt-for-equity swaps for some holders of the Semler convertible notes that may shrink its offering size.
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