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I just saw an analyst saying that Bitcoin could drop to $10,000 if the recession risk in the US really worsens. It's a really interesting perspective, especially now that we have concerns about an economic slowdown.
His point is connected to GDP growth and how it affects investors' risk appetite. When GDP declines and recession fears rise, money usually flows out of risky assets like crypto. So, this bearish scenario isn't just a random prediction.
Currently, BTC is at $71.48K, so it's still far from the $10,000 scenario he's talking about. But it's still interesting to monitor economic indicators and GDP data to see where the market is truly headed. It seems the key risk factor is really the US economy situation, not just crypto fundamentals.