Bitcoin could potentially drop to $50,000, according to Mike McGlone, a senior commodity strategist at Bloomberg Intelligence. Despite a recent 9% increase, Bitcoin is down approximately 15% for November, marking its largest monthly decline since February 2025. McGlone highlights Bitcoin's historical tendency to stabilize around the $50,000 mark during periods of low equity market volatility. Analysts, including Michaël van de Poppe and Ted Pillows, emphasize the importance of Bitcoin breaking key resistance levels to aim for $100,000. However, they caution that failure to do so could result in a decline to $88,000.