Bitcoin Trader Maintains $100K Target as Gold Prices Hit Record $4,750

• Bitcoin circumvented significant losses as U.S. markets opened reacting to EU trade-war concerns, holding onto critical $90,000 support.

• Precious metals reached unprecedented highs while stock markets experienced turmoil.

• Experts suggest that if Bitcoin sustains current support, it remains poised to reach six-figure valuations again.

Bitcoin Holds Firm Amid Stock Market Turmoil

As Bitcoin sellers nudged the cryptocurrency close to the $90,000 threshold, markets watched keenly with U.S. equity indices slipping amid mounting concerns over an EU trade war linked to Greenland. Both the S&P 500 and Nasdaq Composite shed about 1.5% shortly into the session. Bucking the trend, precious metals pushed to new peaks, with gold soaring to $4,750 per ounce and silver trailing at just under $96.

The geopolitical backdrop took a dramatic twist with U.S. President Donald Trump sharing provocative images of Greenland and Venezuela as part of U.S. territory, coupled with discussions with European leaders, hinting at possible diplomatic engagements at the upcoming World Economic Forum in Davos. There, significant discussions on EU trade relations are anticipated.

Crypto Market Awaits Economic Forum Insights

Crypto investors remain watchful as the World Economic Forum unfolds, with Bitcoin perched on critical support levels. Popular trader BitBull highlighted the current rejection from Bitcoin’s weekly bull market support band, a move reminiscent of early 2025 events that preceded a new all-time high. Provided Bitcoin holds above $88,500, the bullish trajectory remains secure.

Cointelegraph recently spotlighted essential Bitcoin price levels under scrutiny, with trader Peter Brandt cautioning potential retracements to $60,000 should another rejection materialize. Conversely, trader il Capo of Crypto projected an optimistic outlook, suggesting a recovery to $100,000 is feasible if the current support withstands, marking a pivotal moment poised for robust market growth.

In conclusion, Bitcoin's ability to navigate the current market turbulence without further depreciation reinforces confidence among enthusiasts. As the unfolding WEF discussions come into focus, the cryptocurrency community patiently awaits potential market catalysts.