Bitcoin: Another wave of selling ahead?

Bitcoin looks to be diving out of a symmetrical triangle pattern on the hourly chart amid rising bond yields.

The breakdown would indicate a continuation of the sell-off from record highs.

Powell tried to talk down bond yields on Tuesday and Wednesday, but that has not worked. The 10-year yield has risen back above 1.4%.

Looks like bitcoin is going to be hit by another wave of selling.

I would turn bullish if the crypto finds acceptance above 52K.