As Bitcoin Nears Golden Cross, Concerns About Rising Treasury Yields Look Overhyped

In recent discussions, it appears that fears surrounding rising U.S. Treasury yields and potential policy mistakes by the Federal Reserve may be exaggerated according to TS Lombard's analysis.

Despite Bitcoin's struggle to break past the $70,000 mark, the overall sentiment remains bullish due to the expected 'golden cross' pattern on its daily chart, suggesting future gains.

Analysts have expressed concern that the recent hike in U.S. Treasury yields could discourage investments in riskier assets like cryptocurrencies, yet some believe it's an overreaction and BTC could stay resilient.

Historical comparisons to past monetary policy decisions have surfaced among analysts, particularly noting that the current environment might reflect a risk of inflation that could constrain the Fed's future actions.

Read at Coindesk