I’m on the fence about investing in Bitcoin right now because many macroeconomic experts I follow, like Jeffrey Gundlach, suggest we might already be in a recession. In recessions, stock markets typically plummet. Since Bitcoin didn’t exist before the 2008 recession, we don’t really know how it will perform during one, especially in terms of price. Is anyone else on the fence or shorting Bitcoin at the moment?
Did you see what Bitcoin did during the lock down? the pandemic era in 2020? And up to know we have been feeling the effect of covid-19 and yet during that time, not only did Bitcoin survived, but we did have a new all time high in 2021. So not sure what are questioning Bitcoin as we have passed the worst time in human history 4 years ago. And for sure, many might have the sentiments that you are thinking, but still Bitcoin has showed resiliency many times already that I doubt that it will fail us this bull run despite the recession and the noise of war in the background, in my opinion. 
Topic: Recession in the US in 2024/2025 - What will Bitcoin price do? (Read 15 times)
Is anyone else on the fence or shorting Bitcoin at the moment?
Recession has to do with economy and fiat. Expect bitcoin not to be affected. Although I do not also know if what you are saying is true but I did not hear anything about something like this on the news. Also know that if you want to short bitcoin, it is better not to do it now when the market sentiment for bitcoin is favoring the bulls. Or you can just use low leverage like 1x. But if you are not a day trader but a swing trader, it is not advisable to short bitcoin right now.
The resistance can be seen at $65000 but bitcoin is not also falling below $60000.
I’m on the fence about investing in Bitcoin right now because many macroeconomic experts I follow, like Jeffrey Gundlach, suggest we might already be in a recession. In recessions, stock markets typically plummet. Since Bitcoin didn’t exist before the 2008 recession, we don’t really know how it will perform during one, especially in terms of price. Is anyone else on the fence or shorting Bitcoin at the moment?
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