Bitcoin Price Drops Below 200-Day SMA Amid Treasury Yield Decline - BTC Analysis

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Bearish

Bitcoin Price Drops Below 200-Day SMA Amid Treasury Yield Decline - BTC Analysis

Bitcoin has fallen below its 200-day Simple Moving Average as the 10-Year US Treasury Yield reaches its lowest level since April. This technical development signals potential bearish momentum for BTC, with traders closely monitoring the correlation between cryptocurrency markets and traditional financial indicators. The simultaneous movement highlights ongoing market volatility and investor sentiment shifts in both digital assets and bond markets.
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