McGlone Warns: Silver and Bitcoin Face Decline Risks

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 02 2026

BTC+2.503%

X+12.52%

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High Silver Prices: Currently, silver is priced at around $72 per ounce, approximately 73% above its 50-week moving average, a premium seen only once before, indicating potential for future price corrections.
Historical Correction Risks: McGlone noted that in 1979, silver peaked at $50, followed by a sharp 52% drop to around $15.5 in 1980, suggesting that the current high price may signal similar correction risks ahead.
Bitcoin Market Dynamics: Bitcoin is currently trading at approximately $87,000, which is about 13% below its 50-week moving average, with historical data indicating that such discounted levels often suggest the market is searching for a bottom.
Potential Downside: McGlone's analysis suggests that based on historical cycles, Bitcoin could face a decline of 50% to 55%, urging investors to approach market volatility with caution.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36137.94	48068.97	60407.96	72338.99	84677.98	96609.01	108948
Fibonacci	48068.97	57340.118	63067.842	72338.99	81610.138	87337.862	96609.01

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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