BTC/USD Signal 06/10: Bitcoin is Extremely Bullish

Created on October 06, 2026

Bullish view

• Buy the BTC/USD pair and set a take-profit at 90,000.

• Add a stop-loss at 82,000.

• Timeline: 1-2 days.

Bearish view

• Sell the BTC/USD pair and set a take-profit at 82,000.

• Add a stop-loss at 90,000.

Bitcoin remained inside a tight range on Tuesday morning as US government bond yields continued to rise. The BTC/USD pair was trading at 85,747, a few points below last month’s high of 87,310.

Bitcoin’s weakness is mostly because of the bond market. Data shows that the ten-year yield jumped to 5.3%, while the five-year and 30-year yields jumped to 5.05% and 5.6%, respectively. These yields have been in an upward trend this year as the turmoil in the bond market accelerated.

Bitcoin, like gold, is a non-yielding asset, and investors tend to avoid it when bond yields are in an upward trend. These yields have jumped because of the rising US public debt and the recent Federal Reserve interest rate decision.

Despite all this, there are signs that Bitcoin is attracting demand from US institutional and retail investors. Spot Bitcoin ETFs have added over $292 million in assets this month, continuing an upward trend that started in July when they added $172 million. They have had over $6.5 billion in assets in this period.