The Bitcoin price bull run is facing a major risk as U.S. Treasury yields climb to their highest levels in months. Despite the recent rally in Bitcoin, rising Treasury yields could negatively impact stocks and risky assets like Bitcoin due to sector rotation. However, in the short-term, Bitcoin has several tailwinds that could push it to its all-time high. It may benefit from the January Effect and upcoming events like the FTX distributions and the change of guard at the Securities and Exchange Commission. On the technical side, Bitcoin has found support and is likely to rise during the first quarter, although there may be a stall or pullback in the second quarter.



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