BTC tops $84,000 as NVIDIA stock gets caught in US trade war crosshairs

The total crypto market cap stabilized near $2.7 trillion on Wednesday, with Bitcoin's $84,000 support temporarily anchoring the market against external macro headwinds.

Bitcoin price consolidated around $84,000 on Wednesday, while top altcoins like XRP, Solana, and Ethereum experienced minor sell-offs ranging between 3% and 6% on the 24-hour candle.

With bearish sentiment dominating U.S. equities, Bitcoin’s prevailing bullish catalysts may persist long enough to fuel a rally toward $100,000.

BTC tops $84,000 as NVIDIA stock gets caught in US trade war crosshairs

The total crypto market cap stabilized near $2.7 trillion on Wednesday, with Bitcoin’s $84,000 support temporarily anchoring the market against external macro headwinds.

Chip-making giant NVIDIA suffered major sell-offs on Tuesday, following a $5.5 billion charge due to a U.S. government ban on its H20 chip exports to China. The escalating trade tensions triggered a sharp market reaction.

NVIDIA shares plunged sharply on Monday wiping out more than $200 billion in market capitalization. At press time, NVDA is trading at $104 per share, reflecting 7% losses within the last 24 hours.

Interestingly, initial market movements suggests BTC price received significant inflows from displaced capital as investors rotated out of NVDA and U.S. tech stocks adjacent to it.

With Bitcoin increasingly viewed as resilient to global trade and supply chain disruptions, BTC could potentially climb toward $85,000 if the rotation into crypto persists through the week.

However, due to NVIDIA’s systemic relevance in supplying chips for crypto mining hardware, any prolonged NVDA sell-off could eventually exert downward pressure on Bitcoin, potentially dragging prices toward the $80,000 range if risk sentiment deteriorates further.

Metaplanet set to invest another $10M in Bitcoin

Japanese tech investment firm Metaplanet has issued a new $10 million bond series to fund additional Bitcoin purchases. This latest offering, the firm’s 11th series of ordinary bonds, was fully subscribed by EVO FUND and carries zero interest. The company disclosed that proceeds from this issuance will go directly toward acquiring Bitcoin, reinforcing the accumulation strategy first outlined in January 2025.

According to Metaplanet’s public filings, the bond is scheduled for redemption on October 14, 2025, and will be repaid using capital from its 14th to 17th Series of Stock Acquisition Rights.

The move signals continued institutional confidence in Bitcoin as a long-term store of value amid rising macroeconomic volatility and ongoing geopolitical tensions.

The announcement adds to growing optimism across Asian markets, particularly as Japanese firms deepen crypto adoption.

In summary, Bitcoin price rally above $84,000 is linked to inflows from traders exiting NVIDIA and U.S. tech equities.

Likewise, Metaplanet’s latest $10 million Bitcoin purchase reinforces positive sentiment among Asian institutional investors amid the US-China trade war intensifies. If these positive catalyst remain dominant, BTC price momentum could strengthen for another leg-up in the near term.

Bitcoin price forecast: Key levels to watch if BTC approaches $100K

Bitcoin price is trading around $84,971, holding above the mid-range Bollinger Band and approaching the psychological $85,000 resistance level. Vital signals on the Bitcoin weekly price forecast charts reveals a stabilizing structure, as BTC maintains support above the $76,877 lower Bollinger Band.

If buyers sustain this posture, a breakout toward the $92,548 upper band becomes increasingly plausible, particularly if momentum builds following the recent bullish weekly close.

The Parabolic SAR dots now trend beneath the candlesticks, confirming the early stages of a bullish reversal pattern after weeks of downside. Meanwhile, the MACD histogram, though still in bearish territory, shows narrowing red bars, suggesting diminishing bearish momentum.

A confirmed bullish MACD crossover could further fuel a move toward $92,548, and eventually toward the major resistance at $101,606, the last SAR-based swing target before BTC revisits all-time highs near $108,000.

Conversely, if macro pressure or market volatility returns, support at $83,000 and $76,800 could be tested.

If bulls can avoid break below these levels, the broader Bitcoin price forecast remains tilted toward retesting new all-time highs in the six-figure territory as Q2 2025 progresses.

Frequently Asked Questions (FAQs)

1. Why is Bitcoin rising despite the stock market downturn?

2. How does Metaplanet’s investment impact Bitcoin price?

3. What are Bitcoin’s critical levels to observe if BTC approaches $100,000?