Bitcoin: Slides to $77K on Rising Bond Yields

Bitcoin slid back to $77K as rising bond yields and an oil spike pressured risk assets.

Over the past year BTC has faced repeated macroeconomic factors impacting Bitcoin, forcing traders to refine BTC price prediction models during elevated crypto market volatility.

At $77567.35 the pair trades inside its Bollinger Bands, capped by $80039.57 resistance while the EMA50 at $79159.02 and EMA200 at $77386.98 frame the bearish structure; the MACD death cross at -714.4 keeps downside momentum intact toward the $76534.81 lower band.