Analyst: 50% US market crash could push Bitcoin toward $24K
21 Jun 2026 · 15:57 UTC · Crypto Breaking News RSS Feed · Original source
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Summary
Bitcoin's downside risks are again back in focus as analyst Jesse Olson laid out a worst-case technical scenario that could send BTC sharply lower if a broader macro shock hits US markets.
Why it matters
The prediction is based on the potential correlation between macroeconomic events and Bitcoin's price movements. A significant downturn in the US market could trigger a flight from risk assets, including cryptocurrencies. The low credibility of the source suggests that while the analysis is noteworthy, it should be taken with caution. The predictions reflect a high degree of uncertainty and potential for negative sentiment as traders react to broader market conditions.
Expected impact
The analysis suggests that a major crash in the US market could lead Bitcoin's price to drop significantly, potentially reaching around $24,000. This bearish outlook is expected to create negative sentiment among traders, leading to increased volatility in the market.