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Crypto & Stocks in Sync? Bitcoin Faces Death Cross Alongside Equities

  • 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.

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