As global economic instability grips markets, with fears of a potential recession growing, Bitcoin (BTC) finds itself under intense scrutiny. The leading cryptocurrency has experienced significant price drops, falling from its high near $109,000 earlier this year to approximately $84,596, representing a 22% decline. Experts warn of the potential for further losses if macroeconomic conditions worsen. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, highlights that if the US stock market suffers a significant drop, specifically if the S&P 500 index falls below 4,000, Bitcoin could plummet to as low as $10,000, potentially reverting to pre-pandemic levels. This decline raises concerns about Bitcoin’s ability to navigate economic uncertainty. However, despite these challenges, Bitcoin has historically demonstrated resilience during times of market downturn. Some analysts believe that Bitcoin may stabilize around $20,000 if it can maintain above the crucial $69,000 support level. While this remains a possibility, expanding monetary policies from central banks could potentially mitigate further drops in Bitcoin’s value.