What Will Happen to Bitcoin If the US Enters a Recession?

According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million.

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