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Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K -Breaking

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Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K

At the beginning of May, the market weakness has continued in crypto- and equity markets. There are no short-term indicators that would reverse this bearish trend.

The downtrend in Equities Markets is also evident As perClara Medalie (researcher) says that the stock price for companies exposed to (BTCAlso, ) has taken a noticeable hit.

Bitcoin exposed companies vs. BTC. Source: Twitter
BTC/USDT 1-day chart. Source: TradingView
1-day chart. Source: Twitter
BTC/USD 1-day chart. Source: Twitter
BTC/USDT 1-day chart. Source: Twitter
Bitcoin long-term holder net position change. Twitter