Bitcoin Nears 'Golden Cross' Amid Rising U.S. Treasury Yields Concerns | Chart of the Day

Bitcoin's latest failure to surpass $70,000 has analysts worrying that the ongoing rise in the U.S. Treasury yields could lead to an extended drop. CoinDesk's Omkar Godbole reports the concerns may be overblown, citing the upcoming coveted "golden cross" price pattern. CoinDesk's Christine Lee presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.din.com/company/coindesk/ Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.