Will Recession Cause Bitcoin to Collapse? Goldman Sachs Issues Serious Warning 35%

Bitcoin has increased by 2.5% in the last 24 hours and is currently at $84,107 as the market has finally taken a breather after last week’s sell-off. Although BTC has demonstrated its resilience against the wave of selling, the coin is still down by 3.5% over the past 7 days, while other assets in the top 5 like Ethereum and XRP have decreased more significantly at 9.6% and 12.2% respectively.

One reason for the broader fall could be due to the adjusted economic outlook for the United States by Goldman Sachs. The bank has raised its recession risk rate from 20% to 35%, viewing Trump’s new tariffs as a major threat to both prices and growth. Goldman currently expects PCE inflation to end the year at 3.5%—much higher than the Fed’s target of 2%. If that forecast is correct, the Fed may cancel one of the two expected interest rate cuts, which could put significant pressure on risk assets like Bitcoin. Bitcoin Could Surge to $85,000 as Hourly Chart Shows Trend Reversal BTC trading volume has increased by nearly 33% in the past 24 hours as the token bounced back from the $81,000 level.

The hourly chart shows that BTC has reversed the downtrend after hitting a double bottom at $81,250. Momentum indicators are currently trending upward, but the Relative Strength Index (RSI) is approaching overbought levels. If the uptrend proves effective, the price may return to the Fibonacci level of 61.8% at around $82,500 before continuing to rise. In this case, the next target for BTC in the near future could be set at $85,500. Safely storing digital assets is the top priority for investors who have taken advantage of the recent market downturn to buy BTC and other cryptocurrencies.