Following the rise in Bitcoin's price, analyst Nic Puckrin issued a warning that this increase may be temporary. Continue Reading: Bitcoin Surged, But an AnalystFollowing the rise in Bitcoin's price, analyst Nic Puckrin issued a warning that this increase may be temporary. Continue Reading: Bitcoin Surged, But an Analyst

Bitcoin Surged, But an Analyst Issued a Warning About the BTC Price

2026/05/05 04:41
2 min read
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In the cryptocurrency market, the sustainability of Bitcoin’s rise above the $80,000 level continues to be a subject of debate. According to some analysts, the recent price movement is being shaped more by macroeconomic developments than by a strong surge in demand.

Macro analyst and Coin Bureau co-founder Nic Puckrin stated that Bitcoin’s recent recovery appears “fragile.” According to Puckrin, the main driver of this rise was not investor demand, but the decline in oil prices. Specifically, Brent oil falling below $110 following news of “Project Freedom” provided short-term relief for risky assets. However, the analyst warned that a return above $110 could create strong selling pressure on Bitcoin.

Puckrin also highlighted critical levels from a technical perspective. He stated that if Bitcoin fails to stay above the $79,500 level, the likelihood of a strong uptrend forming will weaken. Losing this level could cause the market to come under renewed downward pressure.

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Other macroeconomic developments are also sending important signals for the crypto market. According to the analyst, gold, which has performed strongly throughout 2025, has begun to lose momentum. At the same time, a weakening is observed in the US dollar index, one of the key indicators of safe-haven demand. The efforts of many countries to reduce their dependence on dollar-denominated assets point to a search for a new balance in global capital flows.

On the other hand, there are also notable risks in traditional markets. Puckrin argued that AI-related transactions are becoming increasingly crowded, and this could be a signal of a potential bubble.

Even companies outside the sector are turning to AI to support their share prices, reminiscent of last year’s trend of companies adding Bitcoin to their balance sheets. According to the analyst, such behavior could signal a widespread sell-off in the markets.

*This is not investment advice.

Continue Reading: Bitcoin Surged, But an Analyst Issued a Warning About the BTC Price

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