Bloomberg: Bitcoin and gold hit resistance at $80,000 and $4,500
- —Bitcoin resistance at $80,000, gold at $4,500 per ounce
- —Critical level is the 10-year US Treasury yield at 5%
- —Both assets previously bounced from support at $60,000 and $4,000
Why it matters: A rise in Treasury yields to 5% could shift capital from Bitcoin and gold into bonds, capping further gains.
Source: TokenPost