Is Bitcoin preparing for a bounce? Key levels ahead of macro data
Locally, the structure allows for a rebound to $85,500 as long as $82,000 holds; losing that support opens the $80,000 area.
The key link between BTC and the traditional market today is the sharp rise in 10-year Treasury yields to around 5.24%, accompanied by weakness in Gold and ongoing pressure on Bitcoin. At the same time, the author’s mid-term outlook remains positive.
$BTC #BTC
Locally, the structure allows for a rebound to $85,500 as long as $82,000 holds; losing that support opens the $80,000 area.
The key link between BTC and the traditional market today is the sharp rise in 10-year Treasury yields to around 5.24%, accompanied by weakness in Gold and ongoing pressure on Bitcoin. At the same time, the author’s mid-term outlook remains positive.
$BTC #BTC