Bitcoin Reclaims $85,000 as Oil and Bond Yields Decline

While BTC holds above $85,000, the decline in oil and bond yields supports risk appetite. Although the RSI at 64 approaches overbought territory, there is no weakness signal yet. The MACD is below its signal line but remains in positive territory, indicating neutral-positive momentum. The price is trading above the SMA20 and SMA50, confirming the short-term trend is upward. In the 1-3 day outlook, a moderate upward movement can be expected, but selling may emerge in the $86,000-$87,000 resistance zone.

Brent crude rose 1.36% in the last 24 hours to close at 98.62, trading above its 20-day simple moving average (SMA20) of 97.46 and near its 50-day SMA (SMA50) of 98.16. The Relative Strength Index (RSI) is at 52.85, in neutral territory, while the MACD is above its signal line, indicating positive momentum. Although news headlines suggest oil has retreated, the price source in the data is a candlestick, so the decline may not yet be fully reflected in prices; therefore, near-term direction remains uncertain. Bitcoin's recovery could boost risk appetite and provide limited support to commodities, but falling bond yields may weaken expectations for oil demand. Overall, the 1-3 day outlook maintains a slight upward bias, but the news flow keeps downside risks alive.