Mike McGlone

Bitcoin $10,000, Crude $40: Low-Price Cure Paths If Stocks Drop The milestone that stopped rapidly rising crude oil prices came in 2008 above $100 a barrel and, for Bitcoin, at over $100,000 in 2025. I started pointing to a normal low-price crude cycle toward $40 in 2022 and $10,000 for the crypto in 1Q25. A top prerequisite for typical post-inflation deflation hasn't yet occurred -- about a 20% drawdown in the US stock market that stays down for awhile. Full report on the Bloomberg here: https://t.co/xLMoEQ2sH2{BI COMD} #crudeoil #Bitcoin #bonds #stockmarket @BBGIntelligence

Ceiling Inklings: $100 Crude, $100,000 Bitcoin Guidance for Bitcoin's direction may come from WTI crude oil's downward price path since its first month-end close above $100 a barrel in February 2008. At about $95 on Sept. 22, crude appears relatively elevated, despite the paradigm shift in US and Canadian crude oil and liquid fuels shifting to a surplus approaching 9 million barrels a day in 2027 from a deficit near 10 MMBD in 2008. Similar rules of supply-and-demand economics may continue to pressure Bitcoin since it first closed above $100,000 in January 2025. Full report on the Bloomberg here: https://t.co/m4h03gcjaA {BI COMD} #crudeoil #Bitcoin @BBGIntelligence

Bitcoin High-to-Low Price-Cure? $100,000 - $60,000 Since its first month-end close above $100,000 in January 2025, Bitcoin has shown signs of a high-price cure akin to crude oil's first move above $100 a barrel in 2008. Has the crypto's low-price cure been achieved near $60,000 in 2026? My bias leans to unlikely, and the graphic highlights top reasons: the record-setting stock market and too much competition for non-income-producing assets from the US Treasury 10-year yield's move above 5% in 3Q. Full report on the Bloomberg here: https://t.co/DtrU8cuUXc {BI COMD} #Bitcoin #bonds #stocks @BBGIntelligence

$100 Crude vs. Rising US Surpluses and Declining China Demand The leaders of the world's top energy producer and the top consumer of fossil fuel are meeting Sept. 24, and both have a vested interest in lower prices, particularly with Brent crude oil above $100 a barrel. Preexisting trends of US supply surpluses, declining demand and imports from China are gaining momentum from the price surge, with normal price-reversion implications. Full report on the Bloomberg here: https://t.co/WCWeJbLAlW {BI COMD} #crudeoil #energy #China @BBGIntelligence

$100 Crude vs. Rising US Surpluses and Declining China Demand The leaders of the world's top energy producer and the top consumer of fossil fuel are meeting Sept. 24, and both have a vested interest in lower prices, particularly with Brent crude oil above $100 a barrel. Preexisting trends of US supply surpluses, declining demand and imports from China are gaining momentum from the price surge, with normal price-reversion implications. Full report on the Bloomberg here: https://t.co/WCWeJbLAlW {BI COMD} #crudeoil #energy #China @BBGIntelligence

$100 Crude vs. Rising US Surpluses and Declining China Demand The leaders of the world's top energy producer and the top consumer of fossil fuel are meeting Sept. 24, and both have a vested interest in lower prices, particularly with Brent crude oil above $100 a barrel. Preexisting trends of US supply surpluses, declining demand and imports from China are gaining momentum from the price surge, with normal price-reversion implications. Full report on the Bloomberg here: https://t.co/WCWeJbLAlW {BI COMD} #crudeoil #energy #China @BBGIntelligence

Surging US Crude, Liquid Fuel, Energy Surpluses Lower prices may be a primary force capable of curtailing the growing surplus of US and Canadian crude oil and liquid fuels from approaching 9 million barrels a day in 2027. What appears to be an unstoppable trend of rising surpluses is juxtaposed with WTI crude oil at around $95 a barrel on Sept. 21, near the upper end of its pattern of lower highs and lows since 2008. Full report on the Bloomberg here: https://t.co/jB37vvyJML {BI COMD} #crudeoil #energy @BBGIntelligence

Surging US Crude, Liquid Fuel, Energy Surpluses Lower prices may be a primary force capable of curtailing the growing surplus of US and Canadian crude oil and liquid fuels from approaching 9 million barrels a day in 2027. What appears to be an unstoppable trend of rising surpluses is juxtaposed with WTI crude oil at around $95 a barrel on Sept. 21, near the upper end of its pattern of lower highs and lows since 2008. Full report on the Bloomberg here: https://t.co/jB37vvyJML {BI COMD} #crudeoil #energy @BBGIntelligence

Surging US Crude, Liquid Fuel, Energy Surpluses Lower prices may be a primary force capable of curtailing the growing surplus of US and Canadian crude oil and liquid fuels from approaching 9 million barrels a day in 2027. What appears to be an unstoppable trend of rising surpluses is juxtaposed with WTI crude oil at around $95 a barrel on Sept. 21, near the upper end of its pattern of lower highs and lows since 2008. Full report on the Bloomberg here: https://t.co/jB37vvyJML {BI COMD} #crudeoil #energy @BBGIntelligence

Crude's Lower-Highs, Lows Path and Plunging US Gas The dichotomy between plunging US natural gas prices and surging crude oil in 2026 appears unsustainable, and crude's enduring trend has been downward. Has that changed? My bias is crude is more likely to maintain its downward path, with guidance from US gas and the accelerating shift toward technology replacing fossil fuels. Full report on the Bloomberg here: https://t.co/jB37vvyJML {BI COMD} #crudeoil #naturalgas #energy @BBGIntelligence