Bitcoin Poised to Retest $50,000 as BTC/Gold Ratio Targets 13x, Bloomberg’s Mike McGlone Warns of Further Downside

COINOTAG News reports that Bloomberg Intelligence Senior Commodity Strategist Mike McGlone posted on social media that Bitcoin could retest the $50,000 level, while the Bitcoin-to-Gold ratio may compress toward 13x as risk sentiment shifts.

Bloomberg’s framework suggests the BTC-to-Gold ratio was near 20x on December 1, with fair value closer to 13x. The dynamic is being driven by a decline in S&P 500 120-day volatility, which has approached its lowest year-end level since 2017, signaling a tightening backdrop for risk assets.

Traders should monitor macro liquidity and equity moves; a continued squeeze in volatility and weaker stock performance could weigh on Bitcoin, shaping a prudent Bitcoin price outlook grounded in data and credible signals.