Higher yields push bitcoin below $19K
Source: www.tradingview.com
The 10-year real rate is appreciating. As a result, its stochastic has moved above 80 (red arrow), and the yield is in its bullish channel (top candlestick). In response, BTCUSD (bottom candlestick chart) shows signs of decline and has dropped into its bearish channel between the lower blue and red bands.
As a result, the cryptocurrency is under pressure and is trading below $19K. As long as inflation remains a worry and the prospect for higher rates persist, demand for risky assets, including cryptocurrencies, will be facing headwinds.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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