Bitcoin: Advances Toward 76k on Treasury Buyback Boost

Bitcoin advanced from roughly 64k toward 76k in four sessions while the US 30-year Treasury yield touched 5.33 percent, its highest level since 2007, before the Treasury doubled long-end liquidity-support buybacks to at least 4bn per operation starting 9 September.

Yields initially dropped sharply and the dollar weakened, though Treasuries later retraced much of the move, leaving macro cross-currents intact for risk assets.

With price testing upper Bollinger resistance at 77885.59 while RSI flashes overbought at 94.59, a healthy retracement to the 50-EMA support at 67134.17 seems probable before further continuation, especially as the MACD golden cross at 3083.3 keeps the broader bullish structure above the 200-EMA at 64883.26.