Bitcoin price remained stable around $84,000 on Wednesday, while altcoins like XRP, Solana, and Ethereum saw minor sell-offs. Despite bearish sentiment in U.S. equities, Bitcoin’s bullish catalysts could fuel a rally towards $100,000. The total crypto market cap stood at $2.7 trillion, with Bitcoin acting as a support against external macro headwinds. NVIDIA, a chip-making giant, faced sell-offs due to a U.S. government ban on its H20 chip exports to China, leading to market reactions.
NVIDIA shares plummeted, wiping out over $200 billion in market capitalization. As a result, Bitcoin received inflows as investors rotated out of NVIDIA and U.S. tech stocks. BTC’s resilience in the face of global disruptions could push its price towards $85,000, if the trend continues. However, prolonged sell-offs of NVIDIA may exert downward pressure on Bitcoin, potentially dragging prices to the $80,000 range if risk sentiment worsens.
Japanese tech investment firm Metaplanet announced a new $10 million bond series to fund further Bitcoin purchases. The firm’s confidence in Bitcoin as a long-term store of value amid rising macroeconomic volatility and geopolitical tensions is evident. Asian markets are optimistic about crypto adoption as Japanese firms deepen their involvement. The move indicates ongoing institutional confidence in Bitcoin, especially in Asian markets.
Bitcoin’s price is trading around $84,971, approaching the psychological resistance at $85,000. Key levels to watch include support at $83,000 and $76,800, and resistance forming at $92,548 and $101,606. The Parabolic SAR dots show bullish reversal patterns, while the MACD histogram suggests diminishing bearish momentum. A confirmed bullish MACD crossover could drive Bitcoin towards $92,548 and eventually $101,606 before revisiting all-time highs near $108,000.
Investors are rotating out of U.S. tech stocks like NVIDIA into Bitcoin as a hedge against market volatility. Metaplanet’s $10 million Bitcoin bond issuance reinforces institutional demand for BTC as a macro hedge. Key support levels at $83,000 and $76,800 are crucial, while resistance levels at $92,548 and $101,606 indicate a bullish momentum. As Q2 2025 progresses, the Bitcoin price forecast remains optimistic towards retesting new all-time highs in the six-figure territory.
