Bitcoin Price Falls Below $83,000 Amid Rising Treasury Yields and Geopolitical Tensions

Bitcoin's price has been affected by recent developments in U.S. Treasury yields and rising tensions between the United States and Iran, causing risk aversion among investors.

The asset's value fell below $83,000 on September 28, 2026, as higher Treasury yields made holding Bitcoin less appealing due to its non-yielding nature.

Technical analysis suggests that Bitcoin is currently trading below its short- and medium-term moving averages, with daily price action near the high of its recent range.

The Ichimoku Kijun at $83,909 serves as immediate resistance, while momentum signals favor sellers due to a 65% probability of downside continuation toward the lower boundary of the volatility band ranging from $80,954 to $85,919.