{"id":478038,"date":"2022-07-26T17:18:35","date_gmt":"2022-07-26T14:18:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\/"},"modified":"2022-07-26T17:18:35","modified_gmt":"2022-07-26T14:18:35","slug":"imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\/","title":{"rendered":"# IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a413d47f17c2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a413d47f17c2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\/#%E2%80%9D_IMF_recession_warning_sees_Bitcoin_dip_under_21K_amid_fresh_1M_BTC_price_forecast_%E2%80%9C\" >&#8221; IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\/#Fed_jitters_test_market_resolve\" >Fed jitters test market resolve<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\/#Still_in_line_for_1_million\" >Still in line for $1 million?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_IMF_recession_warning_sees_Bitcoin_dip_under_21K_amid_fresh_1M_BTC_price_forecast_%E2%80%9C\"><\/span>&#8221; IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States&#8217; anti-inflation policy.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/5d45a959-854b-4507-a33f-82466da39cb8.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Fed_jitters_test_market_resolve\"><\/span>Fed jitters test market resolve<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD ending a period of sideways action on the Wall Street open, hitting lows of $20,788 on Bitstamp.<\/p>\n<p>Against its highs of $24,280 on July 20, the pair was now down over 14% as nerves across risk assets heightened in anticipation of the Federal Reserve&#8217;s decision on interest rates due July 27.<\/p>\n<p>The higher the base rate hike by the Fed, the more problematic the outlook for crypto investors as more tightening would mean more conservative conditions prevailing across the economy.\u00a0<\/p>\n<p>&#8220;BTC has lost the Higher Low, which represented a lower timeframe technical uptrend,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1551900539167952899\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers alongside an illustrative chart. <\/p>\n<p>Elsewhere on macro, the International Monetary Fund (IMF) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2022\/07\/26\/world-economic-outlook-update-july-2022\">released<\/a> its July 2022\u00a0World Economic Outlook, forecasting a significant slowdown in global growth, which should average 3.2% this year and 2.9% in 2023.<\/p>\n<p>&#8220;The risk of recession is particularly prominent in 2023, when in several economies growth is expected to bottom out, household savings accumulated during the pandemic will have declined, and even small shocks could cause economies to stall,&#8221; it read.<\/p>\n<blockquote><p>&#8220;For example, according to the latest forecasts, the United States will have real GDP growth of only 0.6 percent in the fourth quarter of 2023 on a year-over-year basis, which will make it increasingly challenging to avoid a recession.&#8221;<\/p><\/blockquote>\n<p>Eyeing daily timeframes, popular trader and analyst Rekt Capital warned that with the Fed event still to come, Bitcoin had already lost its uptrend.<\/p>\n<p>&#8220;BTC has lost the Higher Low, which represented a lower timeframe technical uptrend,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1551900539167952899\">told<\/a> Twitter followers on the day.<\/p>\n<blockquote><p>&#8220;The trend has shifted.&#8221;<\/p><\/blockquote>\n<p>A further post described the current pullback as the logical sequel to Bitcoin giving up its 200-week moving average level as support after briefly regaining it last week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> pullback is the technical aftermath of rejecting from the 200-week MA after a Weekly Close below it<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/SRl2Qlcdp3\">pic.twitter.com\/SRl2Qlcdp3<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1551902188158459905?ref_src=twsrc%5Etfw\">July 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;Patience is a virtue,&#8221; fellow trader and analyst Anbessa <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Anbessa100\/status\/1551924561020592129\">continued<\/a>. <\/p>\n<blockquote><p>&#8220;Wait for a reversal pattern to re-enter. No setup for an entry at $21,6k, so we stay patient.&#8221;<\/p><\/blockquote>\n<p>Anbessa additionally said that that there was &#8220;no need to FOMO&#8221; into the markets at current prices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Still_in_line_for_1_million\"><\/span>Still in line for $1 million?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Others had reason to be cautiously bullish on Bitcoin, with conviction increasing in line with timeframes under observation.<\/p>\n<p><strong><em>Related:\u00a03 signs Bitcoin price is forming a potential &#8216;macro bottom&#8217;<\/em><\/strong><\/p>\n<p>&#8220;Volatile week playing out as expected,&#8221; fellow Twitter account IncomeSharks <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1551777449326923778\">continued<\/a>. In a more optimistic forecast, IncomeSharks said that it would eye a $30,000 price tag &#8220;in a few months.&#8221;<\/p>\n<p>&#8220;Now is not the time to get bearish and sell, that was last week,&#8221; it added.<\/p>\n<p>PlanB, the creator of the Stock-to-Flow Bitcoin price models, meanwhile maintained that BTC\/USD could still trade as high as $1 million by 2027.<\/p>\n<p>At the same time, he predicted on the day, U.S. equities would reach new heights never seen before.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Some of you are afraid of macro and the link between bitcoin and stock markets etc.<br \/>IMO the next ~5 years S&amp;P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/rhz4cigHRc\">pic.twitter.com\/rhz4cigHRc<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1551902225890512896?ref_src=twsrc%5Etfw\">July 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/imf-recession-warning-sees-bitcoin-dip-under-21k-amid-fresh-1m-btc-price-forecast\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast &#8220; Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States&#8217; anti-inflation policy. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed jitters test market resolve&#8230;<\/p>\n","protected":false},"author":1,"featured_media":478039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNTA1ZWJjNmQtOTVhYy00NmQ4LTlhZmYtMTAwNmU0MGViMWNlLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75606,70551,73785,68637],"class_list":["post-478038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-imf","tag-inflation","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478038"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478039"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}