Bitcoin falls below 80,000! Analyst: If a recession occurs, the maximum drop will be 50,000

Market concerns about US economic growth have put pressure on the cryptocurrency market. Bitcoin prices may continue to fall in the future.

Bitcoin (BTC) plummeted through the $77,000 mark, hitting a four-month low, as Trump's remarks triggered recession fears.

Other cryptocurrencies also fell generally, with Ethereum (ETH) and Dogecoin (DOGE) falling more than 8%, and Ripple (XRP) falling more than 4%.

In the past 24 hours, 330,000 people around the world were liquidated, with a liquidation amount of more than $900 million.

"The crypto market has evolved into a loser's game, and you only need to survive to win." eGirl Capital partner said.

Deutsche Bank pointed out that the volatility of the crypto market may continue to be high amid uncertainty in US policies.

How will Bitcoin trend in the future?

BTSE Chief Operating Officer Jeff Mei predicts that Bitcoin may fall to the $70,000 to $80,000 range in the next few weeks. Only when the tariff war ends and the Federal Reserve resumes interest rate cuts can cryptocurrencies return to their highs.

DeFi analyst Adaora Favour Nwankwo said that if a recession occurs, the maximum potential drop of Bitcoin is about $50,000. If there is no recession, its floor price is expected to be between $70,000 and $75,000.

Bitcoin's price trend is closely related to US economic indicators. Market observers are closely watching the Consumer Price Index (CPI) data released on the 12th, which will have a significant impact on Bitcoin's price trend.