BTC Faces Key Resistance at $69K Amid US Treasury Yield Surge

Bitcoin (BTC) is struggling to break above $69,000, facing pressure from rising US Treasury yields and inflation concerns. The 10-year Treasury Yield recently hit a three-month high, signaling ongoing inflation risks despite the Fed’s rate cuts.

Uncertainty surrounding the upcoming US elections, with Donald Trump's potential return, adds to market jitters, as his policies could affect the Fed’s strategy. Bitcoin is currently trading around $67,033, and analysts warn it needs to break $69,000 soon to avoid a dip toward $65,000. If BTC follows gold’s rally, it could soar to $230,000.

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