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I've been hearing a lot lately about the increasing risk of an American recession, and I think this could significantly impact Bitcoin as well. Among market participants, it seems the scenario of the U.S. economy worsening is becoming more plausible.
What I'm curious about is how far Bitcoin might fall in such a situation. If the U.S. recession intensifies, some are suggesting it could drop to around $10k. Since Bitcoin is currently in the $70k range, that would be a substantial decline from here.
The more concerns about an American recession grow, the more likely it is that capital will flow out of risk assets. This will directly impact the cryptocurrency market as well. It seems crucial to keep a close eye on economic indicators.