Bitcoin is struggling to keep up with tech stocks and the broader U.S. equity market, with Nasdaq Composite dropping by 1.7% and Bitcoin falling by 2.4% following the post-dovish Fed rate cut.
Contrary to expectations, Bitcoin has not performed as well as tech stocks in the second half of 2025. While the Nasdaq Composite saw a 17% gain, Bitcoin experienced a 15% loss in the past six months, indicating that investing in Nasdaq may be more profitable than Bitcoin this year.
Source: BTC vs. tech stocks (TradingView)
Recently, Bitcoin decoupled from the Nasdaq as its price dropped below $90k, further highlighting its underperformance prior to the Bank of Japan rate decision.
What’s Next for BTC?
This week, the U.S. inflation data (Consumer Price Index, CPI) is scheduled for Thursday, followed by the Bank of Japan rate decision on Friday.
Analysts suggest that the BoJ rate hike trade is already priced in, and any negative outcome could lead to a drop in Bitcoin price. Glassnode founders anticipate BTC revisiting the $85.5-$87k range this week.
Will $83K Support Hold?
Source: Glassnode
Despite its recent performance, analysts believe Bitcoin could rise if small cap equities maintain their current range. The Dubai-based Derivatives Trading Desk of Laser Digital remains optimistic about crypto in 2026.
In conclusion, analysts are bullish on Bitcoin’s future, with Glassnode founders predicting a potential slide to $85k-$87k before a surge upwards.
Final Thoughts
- Analysts are positive about Bitcoin’s long-term prospects despite short-term caution.
- Glassnode founders expect Bitcoin to dip to $85k-$87k for liquidity before rallying higher.