“Dominoes Could Tumble” — Bloomberg Strategist Warns Bitcoin Is Flashing 2018-Style Crash Signal. Here’s More

In an October 18, 2026 post, Bloomberg Intelligence senior commodity strategist Mike McGlone warned that Bitcoin’s weakening 50-week moving average, which traders use to gauge longer-term trend, resembles patterns seen before the 2018 and 2022 bear markets. He said continued Bitcoin weakness could spread to stocks and industrial metals, which have held up better. McGlone linked expectations of Federal Reserve rate hikes to pressure on speculative assets and suggested Bitcoin could fall toward $10,000 if the U.S. stock market undergoes a 20% correction. Bitcoin traded at $82,729, up 1% on the day.