According to the CryptoQuant Insights report, Bitcoin rallied after Trump announced a 90-day suspension of tariffs, while ETH and XRP also narrowed their losses. Despite the rally in bitcoin prices, CryptoQuant's bull market score index fell to 10, its lowest level since November 2022, and the index must break through 40 to indicate continued bullish momentum.
CryptoQuant analysts pointed out that the current key resistance level for Bitcoin is between $84,000 and $96,000, and if the bullish momentum fades, Bitcoin's gains may be limited in this price range, just like in past bear market cycles, so the market still needs to remain vigilant, as the bull index's movement depends on whether investor confidence can be rekindled.
CryptoQuant: Bitcoin bullish momentum remains sluggish, current key resistance range is 8.4-9 6,000 dollars
2025-04-13 04:08:03
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