U.S. Treasury Backs Bitcoin as a Store of Value—Investors Are Taking Notice

Bitcoin has been in the news again, not for crashing or for pumping to the moon, but because of the strange resilience it has displayed in the face of acute market turmoil. The large trade tariffs imposed by former U.S. President Donald Trump sent shocks through global markets. However, the interesting thing is that this time, regardless of the doom and gloom with the broader market sell-off, Bitcoin didn’t roll over. 

Bitcoin “held” in there and bounced back, running counter to its typical correlation with traditional risk assets. In fact, it bounced back after an early dip, breaking away from its usual correlation with stocks. While the so-called Magnificent 7 tech giants are bleeding, Bitcoin is quietly carving out its own path—and catching the attention of both investors and big-name institutions.

From Speculation to Safe Haven? Bitcoin’s Narrative Evolves

For years, Bitcoin was brushed off as a speculative asset—but that’s changing. Amid growing market turmoil, Treasury Secretary Scott Bessent recently called it an emerging “store of value,” even comparing it to gold. Meanwhile, BlackRock’s CEO went so far as to say Bitcoin might be a “safer bet” than the U.S. dollar right now. With gold already up 15% this year as uncertainty rises, Bitcoin’s behavior this week is reinforcing its potential as a hedge. As markets panic and capital rotates out of stocks, more eyes are turning to Bitcoin—not just as a risky asset, but as a real alternative during economic turbulence.

Is Bitcoin Signaling a Strategic Entry Point?

Analysts are starting to notice a familiar pattern: just like in March 2020, Bitcoin seems to be holding its ground better than equities. It hasn’t made a new low since March 11, and that’s fueling talk of a possible bottom. Of course, if stocks keep sliding, Bitcoin could feel some pressure too—but its resilience so far is hard to ignore. With sentiment shifting and the macro backdrop changing fast, this could be a key moment for long-term investors. Let’s break down the charts and see what Bitcoin’s price action is really telling us.

BTC Price Action Analysis

The 5-minute chart displays a short-term bullish structure with the price of bitcoin moving within a clearly defined ascending channel. But just below the $85,000 mark, the price encountered significant resistance, which led to a dramatic intraday fall. Bitcoin found support close to the $82,000 zone, which corresponds to a previously tested support level, after this decline forced it toward the channel’s lower border. During the reversal, the RSI made a series of dips into oversold conditions. This confirmed the reversal while the sellers ran out of steam on the short-term. After the price made the bounce attempt to continue the rally higher, but failed to regain the previous high, indicating the buyers were running out of steam.

Chart 1, Analyzed by Alokkp0608, published on April 5th, 2025

The mixed feeling is supported by momentum indicators. Since then, the RSI has leveled out at 41, staying in the neutral zone and showing signs of consolidation. In the meantime, the MACD has displayed several death and golden crosses, indicating regular short-term trend changes. The fact that the most recent crossover that was evident was a death cross suggests that bearish pressure might still be present. Between the important resistance zone and the rising support line, the price of Bitcoin is currently consolidating. This implies that bulls are still active but cautious, and a distinct breakout from this area would probably be necessary for any new rise.

Conclusion: BTC Caught in Tug-of-War Between Bulls and Macro Uncertainty

Bitcoin’s ability to hold above $82K despite widespread market turmoil, panic selling, and falling bond yields underscores its evolving role as a store of value—now even recognized by the U.S. Treasury. Institutional sentiment is shifting, and BTC’s growing divergence from equities signals a new level of maturity in how it’s being perceived and positioned by investors.

Still, technical signals indicate the market is at a crossroads: the bullish perspective is bolstered by an ascending channel, but momentum has faded, and the recently printed MACD death cross suggests caution. BTC might enter a period of consolidation until it either breaks above $85k or catches a move below this support. Traders should closely monitor BTC at both of these levels for a potential swing in price, as Bitcoin will remain a pawn (in the game) of macro factors and the market more broadly.

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