Bitcoin price today: Why is BTC falling toward $83,000 as US Treasury yields rise?
Bitcoin was trading near $83,050 late on September 29, according to TradingView’s Binance BTC/USDT chart. BTC has fallen from a September 21 high of around $87,400. The daily price moved below $84,000, but Bitcoin was still above its 20-day simple moving average of $80,944.
This puts Bitcoin between the recent high near $87,400 and a nearby support zone around 82,600-83,000. The fall happened as US Treasury yields moved higher and oil prices remained volatile.
