CryptoQuant: Bitcoin's bullish momentum remains sluggish, with key resistance ranges ranging from $84,000 to $96,000
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2025-04-13 12:24 9,491
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According to a CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day suspension of tariffs, while ETH and XRP declines also narrowed. Despite the rebound in Bitcoin prices, CryptoQuant's bull score index fell to 10, the lowest level since November 2022, and the index must break through 40 to indicate a sustained bullish momentum.
CryptoQuant analysts pointed out that Bitcoin’s current key resistance is between $84,000 and $96,000, and if the bullish momentum weakens, Bitcoin’s gains may be limited in that price range, just like in past bear cycles, so the market still needs to be vigilant because the trend of the bull index depends on whether investor confidence can be rekindled.