Bitcoin’s price continues to be impacted by global economic uncertainty. Fears of a recession, soaring interest rates, and escalating trade tensions are weighing heavily on investor sentiment, causing the cryptocurrency to struggle near the crucial $85,000 mark. While crypto market activity remains relatively stable, Bitcoin is experiencing a notable drop, hovering just below its all-time high. 22% down from its peak earlier this year at over $109,000, the momentum appears to be fading. This prompts analysts to ponder: Could another crash be on the horizon? The current trajectory has led to discussions about Bitcoin’s potential price decline. Bloomberg Intelligence’s Mike McGlone warned during a recent podcast that if the S&P 500 experiences a significant drop to 4,000 points, Bitcoin could plummet as low as $10,000. Bloomberg analyst Mike McGlone cited concerns about deflation in the global economy. The U.S. stock market is currently exceeding GDP levels and diverging from other global markets, leading to a disconnect between traditional assets and cryptocurrencies. A similar pattern was observed before major crashes in the US and Japan during 1929 and 1989. These trends are further exacerbated by falling oil prices, weakened trade due to tariffs, and declining Chinese bond values. In an interesting contrast, Bitcoin appears to be decoupling from stocks and other risk assets, while gold is climbing. Investors now recognize that crypto ETFs act more like high-risk assets than safe havens. This dynamic has been amplified by a rise in the gold-to-silver ratio above 100, often seen as an indicator of approaching recessions. While Bitcoin’s price could dip to pre-pandemic levels, experts remain cautious about such a drastic fall, predicting a potential drop to $10,000 if macro conditions worsen. Conversely, Altcoin Daily analyst offers a more optimistic outlook, noting Bitcoin’s resilience during previous corrections and its ability to withstand market fluctuations. While acknowledging the risk of a return to $20,000 in severe recessions, this analyst believes that Bitcoin has shown resilience in recent downturns. The potential for significant losses is limited unless Bitcoin breaks below $69,000 convincingly. This outlook suggests that further declines are unlikely based on current market conditions.