A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin and the crypto markets in general.

According to Nicholas Merten, recent testimony from Fed Chair Jerome Powell is likely going to push BTC below the $20,000 level “very soon” as the Fed springs liquidity traps.

Merten also notes that the past few weeks have proven just how interconnected crypto is with traditional markets and that Bitcoin bulls should be happy to grab BTC between $13,000 and $14,000 if it were to dip that low.
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