Bitcoin: Bond Buyback Sparks Volatility at Monthly Close
Bitcoin at $83576.58 reacts to $6B US Treasury bond buyback with +2.1% pump then -2.6% retrace as monthly and quarterly closes approach without confirmed breakout.
SourceAnalysis
Bitcoin traded at $83576.58 after a $6B US Treasury bond buyback announcement by SecScottBessent triggered an immediate +2.1% spike followed by a -2.6% retrace amid mixed US economic data.
Traders now focus on Bitcoin historical price action around monthly and quarterly closes while monitoring US Treasury bond buybacks impact on Bitcoin and yields that rose contrary to policy intent.
Price sits just above the 50-EMA support at $83527.48 inside Bollinger Bands with upper resistance at $84731.68 and lower support at $82614.55; the neutral RSI at 48.14 combined with the MACD golden cross suggests a brief consolidation before any decisive move toward the $82.5k level or a clean breakout.
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