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 signals, with technical analysis suggesting a possible rise to 6%. This reflects a pattern in Bitcoin observed in 2024 prior to its significant price rally. The MACD histogram, usually a reliable momentum indicator, has been consistently bearish, yet the yield has maintained stability, indicating strength among bond bears. Key moving averages are stacked in a bullish formation, suggesting a higher probability of breaking past the 2023 high of 5.02%. The yield's upward movement could impact risk assets, including cryptocurrencies. This technical situation mirrors Bitcoin's movements in mid-2024, where similar bearish MACD signals preceded a major price surge. Both markets exhibit a tendency for underlying strength to be masked by traditional indicators, which can lag behind actual price advancements.

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