Bitcoin risks drop below $80K as oil and Treasury yields pressure risk assets
- —Brent crude above $100, US 10-year Treasury yield above 5.3%
- —BTC below 20- and 50-period MAs, but still above the 200-period MA
- —Key resistance at $83,696; lower range boundary at $79,655
- —MACD and Awesome Oscillator point to downward momentum
Why it matters: Rising oil and yields weigh on risk assets; a break below $79,655 would raise the risk of further Bitcoin losses.
Source: Invezz