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Bitcoin down and traders fearful — Bullish Turn Ahead?

Bitcoin down and traders fearful — Bullish Turn Ahead?

Photo: Crypto Daily

A wave of fear has inundated stock markets, and most assets, including Bitcoin, have fallen as a result. Are we approaching the point where the market could rally into this fear? One hugely problematic factor in stock markets falling and most assets being unable to rise is bond yields. The U.S. 10-year government bond is the standard that markets look to, and this particular yield has risen mercilessly over previous weeks. However, it very much looks like the 10-year yield has made a top - at least into the short to medium term.

Source: Crypto Daily

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