Bitcoin Price Prediction – BTC Consolidates at $19,000, Preparing for Lift Off?
Bitcoin is trading bearish during the European session after being rejected below a major resistance level of $19,250. Following the bearish breakout of the symmetrical triangle, Bitcoin continues to trade with a bearish bias . Whereas a slew of fundamentals weigh on BTC demand, can we expect the BTC/USD pair to rebound? Let's find out. Global Recession May Last Until 2024 Halving - Elon Musk In a tweet he posted on October 21, Tesla CEO Elon Musk stated his opinion that the global recession wouldn't end until the spring of 2024 in a tweet he posted on October 21. A technical slowdown was declared for the United States once the GDP report for the third quarter came in, and the extent to which things could worsen remains a matter of some contention. Musk has long predicted that the United States economy would experience a recession, but he now believes that a worldwide downturn is more likely than ever. When asked on Twitter how long he thou...