Bitcoin and the rest of the crypto market has been spiraling downwards after a minor spike yesterday to 10.4K, leading to a continuation of the downwards pressure that Bitcoin and other major alts have incurred over the past several weeks.

Now, crypto analysts, traders and notable personalities are noting that there is a high probability that Bitcoin’s recent pullback extends significantly lower, but that in the long-term Bitcoin’s price may be bolstered by growing global economic weakness.

Over the past week, the global economy has flashed several warning signals that may tell investors that...