Bitcoin Price Faces Resistance Amid Fed Rate Hike Expectations

Bitcoin (BTC) has rebounded above $70,000, though it remains significantly below its October 2025 peak. Market participants are pricing in an 85% probability of a Federal Reserve rate hike this Wednesday following higher-than-expected inflation data. Rising long-end Treasury yields near 5% are increasing the opportunity cost for holding non-yielding assets like Bitcoin, creating a challenging environment for the current rally.