McGlone Warns: Silver and Bitcoin Face Decline Risks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- 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.
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.
