Bitcoin (BTC) Macro News: U.S. 10-Year Yield Could Rise to 6%

The U.S. 10-year Treasury yield has remained around 4% despite bearish momentum signals, potentially poised for a rise to 6%. This pattern mirrors a similar setup in Bitcoin's price action during summer 2024, just before its significant upward trajectory. Technical analysis reveals the yield's monthly MACD histogram has been persistently bearish, yet the yield has not declined, reflecting bond market strength. Further analysis indicates the 50-, 100-, and 200-month simple moving averages are stacked in a bullish configuration, hinting at a possible breakout above recent highs towards 6.25%. A surge in the yield could adversely affect risk assets, including cryptocurrencies like Bitcoin, which experienced a similar bullish divergence before its rally past $100,000. Such technical patterns suggest markets often consolidate strength before significant price movements.

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