BloFin Research|Sep 02, 2026 02:18
The rising bond yields have been putting pressure on Bitcoin lately.
The 50-day SMA is sitting around 68,000, and the 200-day SMA near 69,500. Bitcoin's price is way above both of them right now, which is why the overall trend still looks constructive.
The 50-day is rising faster and closing the gap, so a bullish crossover could happen soon if the price holds up.(BloFin Research)
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