Bitcoin's Bull Run Hinges on Support at $75,500 Amid Rising Treasury Yields

Bitcoin is trading near $78,800 amid rising Treasury yields and expectations of another Fed rate hike. To maintain its current level, Bitcoin must hold above support between $75,500 and $76,000.

A two-week chart indicates a potential buy signal if Bitcoin holds above the trend level of $72,613, suggesting a possible retest before a larger rally.

Failure to maintain these supports could lead to a deeper correction, but a move above $82,000 would confirm a bullish trend continuation.