If we ever get a recession, that will be interesting.. Bitcoin’s never existed during a recession, except for 2020 which was the shortest on record.
Discussion
Asset deflation has started, that's why the central banks lowered rates. Everything will head down, from here, unless they fire up the printing press again, but that might lead to social unrest.
They have a method for suppressing the Bitcoin price, now, with paper-trading and transparency regulation, so it should be interesting.