Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup

Bitcoin’s (BTC) recent pullback may be less about

Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup

Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup

Bitcoin’s (BTC) recent pullback may be less about crypto‑specific weakness and more about macroeconomic fears, according to André Dragosch, Bitwise’s Head of Research for Europe. 

The daily chart shows BTC’s price resuming its downtrend on Wednesday after failing to recover the $70,000 mark. Source: BTCUSDT on TradingView.com

At the time of writing, Bitcoin was trading at $67,591, which is about 46% below the all-time high of $126,000 reached during last year’s rally in October. 

Featured image from OpenArt, chart from TradingView.com 

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