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Bitcoin to PKR remained under pressure but stable on Tuesday as BTC hovered near $90,000 (around PKR 25.0 million) during the Wall Street open, even as global markets reacted sharply to rising geopolitical tensions and record-breaking gold prices. Despite short-term selling, leading crypto traders say the $100,000 Bitcoin target is still firmly in play if current support levels hold.
Bitcoin dipped below $90,000 briefly after US stock markets opened lower, with the S&P 500 and Nasdaq falling around 1.5% amid fears of an escalating EU–US trade conflict linked to Greenland. Risk assets faced pressure, but BTC avoided a deeper breakdown, signaling resilience compared to equities.
At the same time, traditional safe havens surged. Gold hit a historic high of $4,750 per ounce, while silver traded just below $96, reinforcing a broader flight to safety across global markets.
Market sentiment was further influenced by strong political rhetoric from US President Donald Trump ahead of the World Economic Forum in Davos, adding uncertainty and keeping investors cautious across asset classes.
Despite volatility, prominent analysts remain optimistic. Trader BitBull noted that Bitcoin was rejected from its weekly bull market support band but stressed that the broader uptrend remains intact as long as BTC stays above $88,500.
“This setup has played out before,” he said, referencing similar price action earlier in 2025 that eventually led Bitcoin to new highs.
Veteran trader Peter Brandt warned that failure to hold current levels could open the door to much lower prices, even as low as $60,000. However, balancing that view, Il Capo of Crypto highlighted a strong support zone on higher timeframes, suggesting that a successful hold could trigger a renewed push toward six-figure prices.
“This could be an important higher low for the entire crypto market before strong bullish continuation,” Il Capo wrote.
While gold’s surge reflects immediate fear-driven demand, Bitcoin’s ability to defend key levels near $90,000 is being closely watched. Analysts say BTC’s medium-term outlook remains constructive, especially if macro uncertainty persists and capital continues rotating away from traditional markets.
For Pakistani investors tracking Bitcoin to PKR, the coming days may prove decisive, with global events and technical levels aligning to shape the next major move.
