Bitcoin Slips Below $83K Amid Global Bond Sell-Off
Bitcoin dropped 1.5% to $83,416 on Monday after falling below $83,000 amid a global bond sell-off.
The 10-year U.S. Treasury yield climbed past 5%, its highest level since 2007.
Analyst Ali Charts pointed out that Bitcoin had broken out of a double bottom pattern and was retesting the $82,000 neckline, which could offer a buying opportunity before a move toward $100,000.