Bitcoin: Tests Key Support as Yields Rally

Bitcoin tests critical support near $76,966 as bond yields surge across markets, with traders watching for a potential crypto market crash if the zone fails.

Michaël van de Poppe flags the $79.1K CME gap as likely to fill in coming days while Japan yields turn parabolic, triggering rotation out of risk assets like BTC and altcoins.

Technical confluence on the 4h chart shows BTC inside the Bollinger Bands with price at $76,966.67 facing upper resistance at $80,530.26; the bearish structure holds as EMA50 at $79,212.17 caps upside and the MACD death cross at -769.46 reinforces downside pressure, while neutral RSI at 31.94 leaves room for a brief bounce toward the $71K zone before any deeper probe.