Bitcoin still falling despite pullbacks in oil and bond yields

Oil pulled back significantly on Monday and a rally in the U.S. 10-year government bond yield was snuffed out quickly. Nevertheless, the stock market continued to fall, with AI stocks still descending. Gold, silver, and Bitcoin are in line with the downward trend, all seeking to find a bottom. Where will it be for Bitcoin? Oil pulls back from the breakout Source: TradingView The WTI Crude Oil chart shows that the oil price was rejected from a descending trendline in place since early March . That said, the price is trading within a triangle pattern which must break soon. Whether this is to the upside or downside will probably depend on how the US/Iran conflict plays out after the US midterm elections.

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