Bitcoin Price Eyes $115K as Global Bond Yields Hit Multi-Year Highs

The Bitcoin price is holding firm near $111,000 after rebounding from support at $109,500, as turbulence in global bond markets drives investors toward alternative assets.

Bonds yields in the governments of big economies are soaring, and people are worried that a debt crisis can occur. U.S. 30-year Treasury is probing the 5% level, French long bonds are at the highest level of above 4 percent since 2011, and U.K. gilts are at 27-year highs. 

The 30-year yield in Japan has hit record levels and this has led to The Kobeissi Letter warning of a possible collapse in G7 bond markets.

The collapse of G7 bond markets:

Despite aggressive global central bank rate cuts, yields are surging in France, Japan, Germany, Canada, the US, and the UK.

The market is quite literally rejecting central bank interest rate cuts.

How did we end up here? https://t.co/cA7UCGuokD pic.twitter.com/0CndO3fQ5l

— The Kobeissi Letter (@KobeissiLetter) September 2, 2025

Inflation Concerns Continue To Drive Bitcoin Price

The spike represents a combination of inflation fears, the growing debt loads and supply forces. In the case of Bitcoin, the backdrop plays a central role. The Bitcoin price has historically been cyclical between serving as a risk asset and acting as a hedge against financial instability based on the motivation behind an increase in yields.

In the 2013 taper tantrum, Bitcoin price rose over 1,000 to less than $100 as investors pulled out of government debt. This same dynamic played out in 2021, as inflation concerns saw Bitcoin rise to $65,000. Nevertheless, as yields increased through vigorous central bank tightening in 2018, the Bitcoin price collapsed over 80 percent as money returned to government bonds.

U.S. Debt Surge Supports Bitcoin Price Stability

The situation with Bitcoin seems to be better this time. The increase in government debt by the U.S. government in two months is over 1 trillion, and the national debt is currently at $37.3 trillion in September compared to 36.2 trillion in July. 

Meanwhile, Glassnode data on-chain indicates a rising HODL trend as the long-term investors remain in place despite price fluctuations in the market and as a hedge against currency debasement, they are propping up the Bitcoin price.

Bitcoin Breaks Out of Downward Channel

The price of Bitcoin has technically broken out of a downward channel following weeks of stability. It is currently trading at approximately $110,819, which is comfortably above its pivot point at $110,181. 

The 50-day EMA is playing a support role, and the 200-day EMA around the level of 112,663 is the next challenge. A clear upside break of above 112, 600 could lead to access to $115,600 and 117,500. On the downside, there are essential supports at 107,407 and 105,215.

Also read: Bitcoin Price Discovery Deepens as Technical Correction Sparks $200K Speculation for 2025

Momentum Indicators Signal Growing Bitcoin Strength

Momentum indicators are regaining strength. RSI is 56 on the daily chart, indicating an increase in demand without overextension. In a larger time scale, the BTC price is also in a bullish rising channel that it has been in since its lows in 2022. 

The 50-week SMA of $95,922 represents a very healthy safety net, and Fibonacci extensions give potential upside targets of $171,055 and 231241 with a stretch scenario of 290,000.

According to analysts, as long as the Bitcoin price stays above the $95,000 mark, the long-term supercycle structure would hold intact with half-figure milestones squarely on the table.

Also read: Bitcoin Price Prediction: Triangle Breakout Looms After $123K Rejection

Conclusion

Based on the latest research Bitcoin remains well-positioned amid global bond market turmoil, showing resilience above key technical levels. With rising debt, investor demand, and strengthening long-term holder confidence, BTC’s outlook stays bullish. As long as prices hold above $95,000, the supercycle narrative supports potential six-figure milestones ahead.

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Summary

Bitcoin is trading near $111,000 after breaking out of a downward channel, supported by $109,500 levels. Yield spikes in the global bond markets are raising concerns about debt and inflation. The U.S. debt has increased at an alarming rate to 37.3 trillion and Bitcoin retention is on the rise. Technical indicators are still on an optimistic trend and the support at $95,000 has maintained the supercycle structure. Analysts point to the possibilities of gain well above 134,000, and Fibonacci analysis suggests a gain of up to $290,000.

Glossary of Key Terms

Bitcoin (BTC): Decentralized digital currency, hedge against inflation.

Bond Yields: Returns on government bonds, rising with debt and inflation.

Treasury Yield: Interest rate on long-term U.S. bonds.

Taper Tantrum: 2013 yield spike that boosted Bitcoin.

HODL: Crypto slang for holding long-term.

RSI: Momentum gauge for overbought/oversold levels.

SMA: Simple price average over a set period.

Fibonacci Extensions: Tool projecting future price targets.

FAQs for Bitcoin Price

Q1. Why is Bitcoin above $111,000?

Strong support at $109,500 and investor demand keep prices stable.

Q2. How do bond yields impact Bitcoin? 

Rising yields push investors to Bitcoin, but central bank tightening can weigh on it.

Q3. What are key Bitcoin levels now?

Support near $107,400; resistance at $112,600 and $115,600.

Q4. What is Bitcoin’s long-term outlook?

Above $95,000, targets could reach $290,000.