Bitcoin Holds $83K as US 10-Year Yield Nears 19-Year High
- —US 10-year Treasury yield approaches 5.29%, a 19-year high
- —Bitcoin defended the $83,000 support despite a red day for stocks
- —BTC is forming a descending triangle, with a breakout expected soon
- —First upside resistance sits at $86,700
Why it matters: Rising Treasury yields pressure risk assets: a downside break for BTC opens the door to a correction, while an upside break targets $86,700.
Source: Crypto Daily