PANews reported on March 10 that DeFi analyst Adaora Favour Nwankwo wrote on the X platform: "Bitcoin's price movements are closely tied to U.S. economic indicators. Here's one possible scenario: If a recession occurs, Bitcoin's maximum potential drop is about $50,000; if no recession occurs, its floor is expected to be between $70,000 and $75,000. Key market observers are closely watching the Consumer Price Index (CPI) data released on Wednesday, which could have a significant impact on Bitcoin's price movements." In response, Zhao Changpeng commented: "I think this only applies to the short term."
Analyst: If the US economy enters a recession, Bitcoin's maximum potential drop is about $50,000
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