The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InBitcoin remains under significant pressure near the $60,000 level, with market participants maintaining price targets below the $50,000 support zone due to escalating geopolitical tensions. Rising US Treasury yields have emerged as a primary driver contributing to an investor rush for cash, further intensifying the selling pressure on Bitcoin. This liquidity crunch, coupled with falling technology stocks, has effectively prevented the cryptocurrency from gaining any bullish momentum. Additionally, mounting inflation risks continue to weigh on the broader digital asset market. Despite the volatility, PMI analysis remains a pivotal signal that has historically traced major Bitcoin cycles with accuracy. While gold continues to languish in bear market territory, investors are closely monitoring how the Federal Reserve's policy path will respond to these sharp fluctuations in global fixed-income markets.