U.S. 10-Year Yield to 6%? Chart Pattern Echoes Bitcoin’s Bullish Setup From 2024

The U.S. 10-year Treasury yield has remained around 4% for nearly two years, despite bearish momentum signals. This peculiar stability may soon shift, with expectations for the yield to rise to 6%, mirroring patterns seen in Bitcoin before its significant rally in 2024. Technical indicators, particularly the monthly MACD histogram, have shown persistent bearishness since late 2023. However, the yield has resisted decline, suggesting underlying strength among bond bears. A potential move beyond the 2023 high of 5.02% towards 6.25% seems plausible, supported by the arrangement of long-term moving averages. If this increase occurs, it may impact risk assets, including cryptocurrencies. This scenario is akin to Bitcoin’s behavior in mid-2024, when negative MACD readings coexisted with a stable price range, eventually leading to a rapid price increase.

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