Bitcoin struggles to clear $85,000 resistance as rising US bond yields trigger a sell-off across equities and precious metals, signaling a cautious short-term outlook.
Bitcoin failed to break above $85,000 as sellers held the line and long-term holder supply limited upside, indicating bearish short-term momentum.
Bitcoin faces short-term bearish pressure after failing to breach the $85,000 resistance level. The cryptocurrency's struggle coincides with a broader market retreat as surging US bond yields dampen investor appetite for risk assets and precious metals.
Bitcoin is facing significant selling pressure at the $85,000 mark, compounded by a broader market environment where rising US bond yields are discouraging risk-on sentiment.