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Mike McGlone sees Bitcoin gold cross testing key support

Mike McGlone sees Bitcoin gold cross testing key support
@mikemcglone11: Bitcoin gold cross faces risk

Mike McGlone highlights a potential risk for Bitcoin and stocks as they are measured against gold ounces.

The Bitcoin/gold cross has dropped to a critical support level, coinciding with its post-2020 mean and median. McGlone suggests these assets might face further declines in 2026.

McGlone’s perspective on Bitcoin’s vulnerability at this juncture aligns with ongoing concerns over the broader equity landscape, notably the potential for an S&P 500 deflationary shift against gold as previously explored in his analysis on the S&P 500 facing deflation risk relative to gold. Similar caution emerged earlier this year when McGlone evaluated Bitcoin’s trajectory, emphasizing the implications of momentum shifts as BTC eyed the $50,000 threshold amid evolving market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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