Is Bitcoin Showing Weakness Or Is Its Stay Above $75,000 A Bullish Sign? Here’s What Experts Say

Bitcoin (BTC) is hovering near the $80,000 level despite a sharp drop of over 5% following US President Donald Trump’s latest tariff announcement that sent global markets into turmoil. BTC’s price action continues to contradict the narrative that it provides a reliable hedge against economic uncertainty. While some investors view BTC as a store of value, its recent movements suggest a complex relationship with traditional markets. “This moment feels like a turning point,” said Joel Kruger, chief market strategist at LMAX Group. “We see market participants increasingly drawn to BTC as a store of value and an attractive diversification tool in an environment of uncertainty.” Related News: Bitcoin Hits Below $82,000: When Will BTC Breathe? Here are the Reasons for the Decline and Expert Opinions Bitcoin’s ability to hold above $75,000, its lowest level since the beginning of the year, has sparked optimism among some analysts, despite the Nasdaq and S&P 500 falling to their lowest levels since 2025. This “higher lows” pattern is often seen as a bullish technical signal, reinforcing the view that BTC may be gaining resilience despite broader market volatility. But not all experts share this view. Javier Rodriguez Alarcon, chief trading officer of crypto exchange XBTO and a former Goldman Sachs executive, remains skeptical. “While it’s been said that Bitcoin can act as a hedge against dollar-centric volatility, in practice we still see a strong correlation between digital assets and broader risk markets during times of uncertainty,” he said in an email. *This is not investment advice. Continue Reading: Is Bitcoin Showing Weakness Or Is Its Stay Above $75,000 A Bullish Sign? Here’s What Experts Say