On 10 March, DeFi analyst Adaora Favour Nwankwo said in a post on the X platform, ‘Bitcoin's price action is closely tied to US economic indicators. Here's one possible scenario: if a recession occurs, Bitcoin's maximum potential decline is around $50,000; if there is no recession, its floor is expected to be between $70,000 and $75,000. Key market watchers are paying close attention to Wednesday's release of Consumer Price Index (CPI) data, which could have a significant impact on Bitcoin's price action.’