BRN analyst: Bitcoin's tendency to sell at high prices may stem from concerns about the increasing risk of a US economic recession

Odaily Planet Daily reported that due to lingering concerns about the strength of the US economy, Bitcoin (BTC) fell below $57000 on Thursday. Valentin Fournier, an analyst at digital asset consulting firm BRN, said that this tendency to sell at high prices may be due to concerns about the increasing risk of a US economic recession, and market sentiment is driving a reduction in exposure to risky assets. He said, "Economic reports increasingly indicate that the risk of an economic recession cannot be ignored. The ISM manufacturing index is 0.5% lower than expected, with 7.7 million job vacancies compared to the expected 8.1 million. Given the current economic uncertainty and the possibility of decreased liquidity, we recommend reducing investment in BTC and waiting for better entry points before increasing investment （Coindesk）