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Market Analysis: Bitcoin Investors, Attention!
The sell-off in US Treasuries appears to have increased significantly as prices are lower than their 200-day simple moving averages and yields are at their highest levels. Bond prices and yields are moving in opposite directions.
The most recent oversold reading occurred in early 2021, with bitcoin (BTC) rising above $60,000 immediately afterwards. At the end of May 2021, it decreased to 30 thousand dollars. In other words, financial markets, including bitcoin, could experience major price turbulence.
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