Bitcoin: FX Markets End Yield Headwinds

Bitcoin no longer faces rising yields as headwinds after FX markets stopped reading bond yields the old way, according to Omkar Godbole citing the CoinDesk daybook.

BTC trades at $79125 inside the Bollinger band with upper resistance at $79197.73. The EMA50 at $77599.04 acts as immediate support while the EMA200 at $72158.58 anchors the longer-term bullish structure. MACD golden cross at -61.84 keeps trend strength intact and RSI at 62.65 leaves room before any overbought signal, pointing to a measured test of the upper band before continuation.