Bitcoin Could Drop Another 20 – 40% On a US Recession – Crypto Analyst
Summary:
Timothy Peterson has forecasted that the United States might already be in a recession.If such is the case, the Bitcoin and crypto markets could drop by an additional 20 – 40%.Bitcoin’s 2017 all-time high of around $20k continues to be the make-or-break level.Bitcoin and crypto analyst, Timothy Peterson of Cane Island Alternative Advisors, has forecasted that the United States might already be in a recession. He shared his analysis of a possible slowdown in the US economy through the tweet below that quoted a CNBC article pointing out that the Atlanta Fed GDP tracker also hinted that the country was likely in a recession.
I'm happy that I was right 4 weeks in advance but not happy that I was right about the outcome. #recession https://t.co/J9R4yAPYbD pic.twitter.com/c3kO9JRNek
Summary:
Timothy Peterson has forecasted that the United States might already be in a recession.If such is the case, the Bitcoin and crypto markets could drop by an additional 20 – 40%.Bitcoin’s 2017 all-time high of around $20k continues to be the make-or-break level.Bitcoin and crypto analyst, Timothy Peterson of Cane Island Alternative Advisors, has forecasted that the United States might already be in a recession. He shared his analysis of a possible slowdown in the US economy through the tweet below that quoted a CNBC article pointing out that the Atlanta Fed GDP tracker also hinted that the country was likely in a recession.
I'm happy that I was right 4 weeks in advance but not happy that I was right about the outcome. #recession https://t.co/J9R4yAPYbD pic.twitter.com/c3kO9JRNek