Bitcoin Price Forecast: Rising yields, stronger US Dollar cap BTC upside

• Bitcoin remains under pressure, slipping below $86,000 on Tuesday as profit-taking activity intensifies.
• US-listed spot ETFs recorded a mild outflow of $89.90 on Monday, while Strategy added 334 BTC to its reserve.
• Rising US Treasury yields and a stronger US Dollar are weighing on BTC and could limit its upside.

Bitcoin (BTC) remains under pressure, trading below $86,000 at the time of writing on Tuesday, as profit-taking intensifies. Mixed sentiment among corporate and institutional demand as Strategy (MSTR) added 334 BTC to its reserves while spot Exchange Traded Funds (ETFs) recorded a mild $89.90 million outflow on Monday.

Moreover, rising US Treasury yields and a stronger US Dollar (USD) are creating additional headwinds for the Crypto King and raising doubts about whether BTC's bullish momentum can sustain.

Institutional demand cools

Institutional demand started the week with mild cautionary signs. SoSoValue data showed that BTC spot ETFs recorded a mild outflow of $89.90 million on Monday, snapping the two-day inflows streak since last week. If this outflow trend continues and intensifies throughout this week, BTC could extend its pullback.

On the corporate side, Michael Saylor announced on Monday that his firm, Strategy, acquired another 334 BTC last week, continuing its three-week buying streak (1,665 BTC and 950 BTC).