Bitcoin and major US Equity Indices like Nasdaq and S&P 500 are forming a death cross, indicating potential price declines.
Bitcoin's price has dropped 5.9% this week, reaching $82k, while the broader crypto market and US Equity Indices are also facing bearish pressure.
Renowned trader Peter Brandt predicts that Bitcoin could fall to $65,635 due to a bear wedge breakdown, but urges monitoring of charts for further confirmation.
Long-term projections suggest a potential shift from trading desks to corporate treasuries, with some experts expecting Bitcoin to become a significant asset for many companies.