Bitcoin price faces midweek squeeze that will decide whether $60,000 holds

Steven Barrow, Head of G10 Strategy at Standard Bank, who was the first to make a 5% forecast this February, has raised his year-end prediction for the 10-year U.S. Treasury yield to 5.2%, expecting it to further rise to 5.3% in Q1 2027. He stated that supply chain pressures, climate change, and restrictions on labor supply due to U.S. immigration policy are becoming stronger than ever before. Meanwhile, the U.S. Dollar Index saw a single-day gain of up to 0.6%, potentially marking its best daily performance since June 17.