CryptoQuant: The bullish momentum for Bitcoin remains sluggish, with the current key resistance range between $84,000 and $96,000

2025-04-13 12:36:52

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ChainCatcher message, according to the CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day tariff suspension, while the declines in ETH and XRP also narrowed. Despite the rebound in Bitcoin's price, CryptoQuant's bull market score index has dropped to 10, the lowest level since November 2022, and this index must break through 40 to indicate sustained bullish momentum.

CryptoQuant analysts point out that Bitcoin's current key resistance levels are between $84,000 and $96,000. If bullish momentum weakens, Bitcoin's gains may be limited within this price range, similar to past bear market cycles. Therefore, the market must remain vigilant, as the movement of the bull market index depends on whether investor confidence can be reignited.

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