Bitcoin: Oil-Yield Ratio Flags New Inflation Wave

Omkar Godbole flagged that the WTI crude futures-to-US10y ratio, measuring real asset value against cost of capital, has carved a falling channel after its March spike, setting up the next leg higher and overriding any Fed rate cut relief for fresh inflation pressure.

BTC trades at $66044.69 inside its Bollinger Bands with upper resistance at $67043.69 and lower support at $63846.54. Price holds above the EMA50 at $64827.36 and EMA200 at $63674.12 while MACD prints a bullish golden cross at 515.41 and RSI sits neutral at 58.71, confirming the bullish trend structure that favors continuation once the inflation channel resolves higher.