CryptoCoinDeskabout 2 hours ago
Bitcoin $1M forecasts clash with yield ratio
1 min read
Bitcoin's price relative to the 30-year Treasury yield broke down through a multi-year support line, completing a bearish head-and-shoulders pattern. The 30-year yield cleared 5% this year, its highest since 2007, making non-yielding bitcoin less attractive. Bitwise predicts bitcoin could reach $1.3 million within a decade.
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