Bitcoin continues its upward momentum, maintaining a steep rising trendline from lows just below $110,000, despite a brief pause in gains. Analysts indicate that a breakout above the expanding triangle on the daily chart could propel Bitcoin towards the $135,000 to $140,000 range.
The MOVE index, which tracks expected volatility in U.S. Treasury markets, dropped below 70, its lowest since December 2021, creating a more favorable environment for risk assets. Meanwhile, the U.S. Dollar Index and Treasury yields remain firm, with the 10-year yield climbing to 4.16% following the Federal Reserve's recent rate cut. Ethereum also shows bullish potential, forming a flag pattern that could lead to a rise above $5,000.
Bitcoin Holds Strong Amid Bond Market Volatility and MOVE Index Decline
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