- US Treasury yields declined on Monday, with the 10-year yield dropping 8.2 basis points to 4.40% following Bitcoin‘s 6.79% weekly gain.
- Bitcoin Price jumped 15% to $86,100 between April 9-13 after hitting yearly lows of $74,500.
- Analysts identify resistance for Bitcoin between $88,000-$90,000, while indicators like the shrinking Perpetual-Spot Gap suggest potentially fading bearish sentiment.
US Treasury yields fell on Monday, April 14, as Bitcoin concluded its strongest weekly performance since January’s second week. The 10-year Treasury yield dropped 8.2 basis points to 4.40%, while the 2-year yield decreased 8 basis points to 3.88% during New York trading hours. The yield decline followed potential tariff exemptions for smartphones, computers, and semiconductors announced by the US government on April 12.
The exemptions, which President Donald Trump emphasized are temporary, aim to give American companies time to relocate production domestically. This policy shift coincided with Bitcoin’s impressive recovery, as the cryptocurrency surged 15% from $74,500 to $86,100 between April 9-13, ending the week with a 6.79% gain.
Treasury Yields and Bitcoin’s Mixed Outlook
The declining Treasury yields present a complex scenario for Bitcoin investors. Lower yields typically reduce the appeal of fixed-income assets, potentially redirecting capital toward risk-on investments like cryptocurrencies. However, uncertainties surrounding “temporary exemptions” and ongoing US-China trade tensions continue to make Bitcoin susceptible to price volatility.
Bitcoin’s position as an inflation hedge remains contentious among market observers. While trade policy uncertainties heighten inflation concerns—supporting Bitcoin’s store of value narrative—recent US data showed cooling inflation trends. The Consumer Price Index for March 2025 registered at 2.4% year-over-year, down from February’s 2.8%, marking the lowest rate since February 2023.
Technical Analysis Points to Key Resistance Levels
Trading resource Material Indicators noted that Bitcoin maintains a bullish stance above its 50-weekly moving average and quarterly open at $82,500. The strong weekly close suggests Bitcoin is less likely to revisit recent lows in the near term. The analysis added that “Bitcoin bulls now face strong technical and liquidity-based resistance between the trend line and the 200-day MA. Expecting ‘Spoofy’ to move asks at $88k and $92k before they get filled.”
Similarly, Alphractal founder Joao Wedson identified potential bullish reversal signals, highlighting that the Perpetual-Spot Gap on Binance has been narrowing since late 2024. In an X post, Wedson highlighted that this shrinking gap signals fading bearish sentiment, with historical data showing that positive gaps often precede Bitcoin rallies. However, he cautioned that similar negative gaps persisted throughout the 2022-2023 bear market.
Investors should note that cryptocurrency markets involve significant risk, and thorough research is recommended before making investment decisions.
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