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

“Bitcoin is a Miracle” – Steve Wozniak
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Fed FOMC comments and Bitcoin ‘bear channel’ could kickstart a decline to $28K

The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend.

Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to (BTC) have also taken a notable hit.

Bitcoin vs. BTC exposed companies. Source: Twitter (NYSE:)
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. Source: Twitter