2026 Market Turnaround Warning: Bitcoin and Silver Face Correction Risks

According to Bloomberg analyst Mike McGlone’s latest observations, the market may experience a wave of correction in the coming year. Based on technical indicator analysis using the 50-week moving average, both traditional precious metals and crypto assets are unlikely to escape the fate of a pullback.

Silver Prices Remain High, Historical Premiums Face Release

As of the end of last year, silver was priced at approximately $72 per ounce, with a premium of up to 73% over the 50-week moving average. This level has exceeded the annual expectation for 2025. Looking back to 1980, silver once reached a historic peak close to $50, followed by a decades-long downtrend, dropping to $15.5 at one point. It wasn’t until recent years that silver returned to levels above $32.2, the high of 1979. Behind this strong rally lies the risk of high-level exposure.

Bitcoin Moves Opposite, Technical Indicators Suggest Bottoming Probability

Contrary to the high premium of silver, Bitcoin shows a discount. Currently, BTC is trading around $91,170, approximately 13% below the 50-week moving average. This discount structure typically indicates a further downward search for support from a technical perspective. According to McGlone’s analysis, if a correction unfolds, Bitcoin could decline by about 55%, pushing the price toward deeper technical support zones.

Market Cycle Signals

McGlone’s analytical framework is based on the classic technical indicator of moving averages, which has value in identifying market extremes and turning points. When asset prices deviate significantly from their moving averages, it often signals an opportunity for a reverse move. Whether it’s the excess premium of silver or the moderate discount of Bitcoin, both point to a common signal: the market may be on the edge of a correction.