Bitcoin prices are now consolidating firmly above the $77,000 level. This position was reached after the primary crypto asset rose 6% within 24 hours, a daily trading range that brought it back to its highest price level since mid-May.
The precious metal gold moved higher in tandem during the same timeframe. Gold bullion commodity prices broke a 14-week high, reaching $4,632 per ounce after recording a 2.2% growth rate in the same trading session.
This coordinated upward trend of two different asset classes is clearly visible from the monthly records. The records show Bitcoin climbed 13%, while gold prices slightly dominated the close with a 16% gain.
US Treasury Liquidity Boost
A report from the analysis firm The Kobeissi Letter details that this simultaneous rally is a mechanical reaction to macroeconomic fundamentals: lingering inflation, a record-breaking United States budget deficit, and the latest policy from the US Treasury.
The primary factor comes alongside the US Treasury’s plan of action to double the scope of buyback operations for long-duration government bonds. The scale of purchases has been raised to a minimum limit of $4 billion.
Withdrawing debt securities from the open market provides an immediate supply of liquidity. This buyback operation pumps circulating money back into the central banking system, creating a dollar spillover that gradually flows out to support the prices of risk assets, including crypto tokens.
Requirements for a Macro Uptrend Line
The supply of funds in the banking tier boosted traders’ bets on the Polymarket prediction platform. The latest data updates highlight that the probability of Bitcoin breaking $90,000 before the start of 2027 is now creeping toward a 48% chance.
The rising confidence in sentiment at the betting tables must be cross-referenced with chart figures. Crypto market analyst Rekt Capital emphasized the technical requirements for Bitcoin to break and maintain a position above the 50-week Exponential Moving Average (EMA) path.
The 50-week EMA intersection point currently sits at the $77,232 level. The ability to break past this threshold serves as a marker validating Bitcoin’s movement to confirm the continuation of its long-term uptrend cycle.
For retail traders and institutional portfolio holders, the primary calculation centers on this exact $77,232 level - a barrier that will determine whether the $4 billion liquidity injection can transition into the foundation for an uptrend or instead fade under pressure from sell-back orders. Reported by Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
