Bitcoin: Yen Strength Spurs Risk-On Flows

Bitcoin benefits as the United States and Japan coordinate to strengthen the Yen, reducing appeal of holding Dollars and pushing capital toward risk assets.

Over the past six months this macro shift has repeatedly lifted BTC whenever bond yields compressed and currency volatility rose.

Price sits at $63151.21 inside the Bollinger Bands with upper resistance at $65090.44 and lower support at $61957.1. The 50-EMA at $63857.19 and 200-EMA at $63777.93 cap upside while RSI at 44.94 stays neutral; MACD golden cross at -296.71 hints at building momentum that could test the upper band before any pullback to the 50-EMA confluence zone.