Bitcoin Sees Strongest Week Since March Amid Treasury Yield Surge

Bitcoin has posted its strongest week since March 2024, with prices surging over 20% and reaching as high as approximately $79,500 on Friday. The sharp increase comes as the US 30-year Treasury yield approaches 5.3%. According to technical analysis, BTC is currently trading within the Bollinger Bands near upper resistance at $78,359.3, with the Relative Strength Index (RSI) at 68.29 and the Moving Average Convergence Divergence (MACD) flashing a death cross.

This signal suggests that Bitcoin may experience a probable retracement towards the EMA50 support level of $72,322.96 before any further extension higher in its bullish structure defined by the EMA200 at $66,953.26.

Updated price prediction models now take into account the recent rates-driven liquidity shift and are monitoring crypto market crash signals as well as the broader impact of the AI industry on risk assets.