The cryptocurrency market has certainly struggled in recent weeks. With increased geopolitical concerns and a brewing US trade war, cautious traders have seemingly dominated the market. However, a turnaround could be set to take place for one crypto. Indeed, Chainlink could eye a jump to $20, as experts say a bullish reversal could be coming amid LINK’s most recent 4% drop.

The asset has struggled alongside some of the biggest tokens on the market. Indeed, Bitcoin has been stuck at the $84,000 level, down less than 1% on Tuesday. Yet, if a key support is able to hold up for Chainlink, things could be set to change in a hurry for the asset.

Also Read: Chainlink (LINK) Vs. TRON (TRX): Which Is Better For This Dip?

Chainlink Faces Key Turning Point: Why LINK Has $20 Upside and $10 Downside

For much of 2025, tariffs and brewing trade wars have dominated the year. Macroeconomic factors have been inseparable from stagnated finance markets as investors look for any sign of life. Unfortunately, amid the country’s economic frailty, uncertainty is the only promise.

However, data is still encouraging a potential turnaround on the horizon. One cryptocurrency that has become a focal point is Chainlink (LINK), which could be set to enjoy a bullish turn toward the $20 mark despite its 4% drop on Tuesday.

Also Read: PayPal Now Supports Solana (SOL) & Chainlink (LINK) for US Customers

The crypto is currently down more than 9% over the last 30 days, according to CoinMarketCap. However, trading at the $12.36 mark, it was up more than 11% over the last week before reversing within the last 24 hours. According to one analyst, the $12 mark will be critical to where LINK goes next.

The figure marks a key Fibonacci retracement point, as the asset is currently consolidating. Indeed, it is at the mare amid its 60% drop from its December $27 high. If the support doesn’t hold, it could break below the $10 mark. Specifically, it could threaten a fall to lows of $7.50.

Chainlink is currently suffering from a bearish sentiment, according to investors. Yet, there is still hope. The asset’s daily trading chart has shown a bullish reversal pattern in a falling wedge signal. Moreover, in the event of a breakout from its current position, LINK has $24 potential in the near term.

The NASDAQ-listed Japanese beauty and cosmetic surgery clinic operator SBC Medical Group Holdings has completed a Bitcoin (BTC) purchase worth over $418,000.

In an official SBC notice, the firm confirmed it had bought BTC 5 on April 14. The company first announced plans to buy 1 billion yen (over $7 million) worth of Bitcoin in mid-February this year.

SBC Bitcoin Buy: More to Follow

The firm said that it would conduct at least part of its business on the United States-based crypto exchange Coinbase.

The California-based SBC is the operator of the Japanese Shonan Beauty Clinic chain of dental, cosmetic surgery, and dermatology centers.

It debuted on the NASDAQ exchange in September 2024, and is currently looking to expand into the North American and Southeast Asian markets.

The firm has previously explained that it will incorporate “cryptocurrencies” into its “flexible financial strategy.”

SBC has also claimed that it is “strictly adhering” to “principles” of “asset diversification.”

The operator added that it will “gradually” wrap up the rest of its BTC purchases by the end of May this year. It wrote:

“We will flexibly and swiftly respond to changes in the macroeconomic situation and aim to improve [our] long-term corporate value.”

Inflation-beating Bitcoin Buy?

The company has gone on record as stating that it thinks Bitcoin can “contribute to maintaining asset value” during “times of inflation.”

SBC also suggested that it could seek to use its BTC reserves as a source of liquidity at a future date.

It concluded that it would keep the public “updated” on its BTC buying “progress” through posts on its official website.

Other stock market-listed Japanese firms have made very similar statements this year while unveiling details of their own BTC purchases.

The operator founded the first Shonan Beauty Clinic branch in Fujisawa City, Kanagawa Prefecture, Japan, in 2000.

The company now claims to operate 251 clinics, most of which are located in Japan.

The fast-growing list of Japanese companies who have made BTC purchases with their balance sheets this year includes Metaplanet, as well as the real estate player Value Creation and the gaming firm Gumi.

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