Analyst Warns Bitcoin Could Plunge to $15K-$17K If Recession Hits

Crypto analyst Nicholas Merten warns Bitcoin could plunge 46% to $15k-$17k range if recession hits.

Merten says cooling commodities signal short-term recession coming that would hurt equities and crypto.

Merten doesn't see sustained Bitcoin bull market until Fed increases liquidity after recession.

Bitcoin struggling to break $28k-$32k resistance range shows no clear trend emerging yet.

Merten says need signs of optimism and increased liquidity for crypto rebound, as Bitcoin thrives on money supply growth.