Analyst: U.S. 10‑Year Yield’s bullish technicals point to break above 5% and possible rise toward ~6.25%, which could pressure crypto
first published 2025-11-10T14:42:02Z
CoinDesk analyst Omkar Godbole finds the U.S. 10‑year Treasury yield trading in a contracting triangle near 4% with bullish 50/100/200‑month SMA alignment and price above the Ichimoku cloud. Despite a persistently bearish monthly MACD since Dec 2023, the technical set-up increases the probability of a move above the 2023 high of 5.02% and toward the 38.2% Fibonacci retracement near ~6.25%. The note likens the pattern to Bitcoin’s mid‑2024 setup and warns that a renewed yield upswing could put pressure on risk assets, including cryptocurrencies.
AI Analysis
Summary reports concrete technical signals (contracting triangle, price above Ichimoku cloud, bullish 50/100/200‑month SMA stack) and a Fibonacci target (~6.25%); analyst notes MACD has been bearish since Dec 2023 but argues break above 5.02% is more probable — a yield upswing would pressure risk assets including crypto.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
