TechFlow news, on March 10, crypto user Adaora Favour Nwankwo posted an analysis stating: "Bitcoin's price movement is closely related to economic indicators. Here are the possible scenarios: If a recession occurs, Bitcoin's maximum potential decline would be around $50,000. If no recession occurs, the expected bottom price range is between $70,000 and $75,000. Key market observers are focusing on Wednesday's CPI (Consumer Price Index) data release, which could significantly impact Bitcoin's price trajectory."
In response, Binance founder Changpeng Zhao commented: "I think this analysis only applies to the short term."
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