The U.S. 10-year Treasury yield may climb to 6.25% as technical indicators point to a bullish setup, according to CoinDesk analyst Omkar Godbole. The yield has been consolidating within a contracting triangle, with moving averages and the Ichimoku cloud showing bullish alignment. Additionally, a divergence in the MACD histogram suggests a potential breakout above the 2023 high of 5.02%. Such a rise in yield could influence risk assets, including cryptocurrencies.
U.S. 10-Year Treasury Yield Poised for Potential Rise to 6.25%
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