Market Analysis by Investing.com (Günay Caymaz) covering: Bitcoin US Dollar. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Bitcoin traders eye critical resistance amid rising bond yields, greenback.Employment data and Fed signals add pressure, with traders watching for support around $66,000.This surge signaled a strong escape from bearish consolidation, but this week has seen softer price movement, as fresh liquidity and rising bond yields create headwinds.Last week’s upswing brought the crypto back to a critical resistance zone, flirting with a breakout past $69,500.
Meanwhile, weaker employment figures could prompt the Fed to cut rates sooner, potentially lifting Bitcoin in the short term but sparking broader recession fears that could slow crypto investment.Geopolitical risks remain a wildcard. Tensions in the Middle East have eased, but any escalation that impacts global markets could weigh on Bitcoin prices.
The daily chart suggests a critical support range at $65,600–65,950, with a breakdown risking a pullback to $64,400 or even $62,600.
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