Bitcoin may reach a wall at $ 84,000 if you do not pick up ups

Cryptoquant says Bitcoin can hover at 80,000 dollars in the near -term if it fails to penetrate its next resistance level, while other analysts expect the cryptocurrency to reach its highest levels ever in the next two months.

Cryptoquant analysts said in a market report on April 10 that if Bitcoin is (BTC“He continues to gather,” it may reach resistance around the price level of $ 84,000, but if it collapses, it may rise before the next resistance level of $ 96,000.

Bitcoin previous support levels are now resistance

“These price levels were like price subsidies during this bull session, but it can now serve as a price resistance if the upward conditions did not continue to improve,” Cryptoquant said in its report. “This was the case in previous landing sessions.”

Bitcoin was trading at 79,474 dollars at the time of publication, a decrease of 3.5 % over the past day, According to To CoinmarketCap data.

April was a volatile month for Bitcoin. US President Donald Trump escalated the global customs tariffs on April 2, raising fear in the financial markets, before they suddenly stopped later for 90 days and softened the declining momentum.

Bitcoin briefly rose over $ 85,000 on April 1, but returned to about $ 76,000 by April 8 due to the uncertainty surrounding Trump’s tariff plans.

Cryptoquant said the prices “most of the lost land” on April 9, after Trump announced the stopping of 90 days on the customs tariff for all countries except China, which were now activated by up to 145 %.

After the Trump tariff was announced on April 9, the financial markets witnessed encryption and financial markets wider more.

Bitcoin increased by about 9 %, Reverse most losses I incurred earlier in the week, to re -test $ 83,000. At the same time, the S&P 500, which follows 500 largest American companyIt closed 9.52 % higher, the third largest profit for one day since World War II. NASDAQ recorded 100 profits of 12.02 % during the trading day.

ABRA Global Barydt CEO He said In a publication on April 10, it may be only months before Bitcoin believes that its price exceeds 29 % above 109,000 dollars ever in January.

“Bitcoin is a bet on technical shares, all of which rises to the right,” Barhydt said, adding that Bitcoin may reach $ 130,000 to $ 140,000 by late June.

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He pointed to “a very significant increase in the width of the global money” as the reason behind his claim that bitcoin can reach much higher levels through “Midsummer at the latest.”

It repeats similar feelings to Crypto VISION Chief Crypto Analyst Jimmy Cuts, who told Cointelegraph last month “The market may reduce the importance of the speed that Bitcoin can rise-which is likely to reach its highest levels ever before the Q2 exit.”

However, according to the Cryptoquant’s Bull Score index, Bitcoin was in one of the lowest stages since November 2022.

Cryptoquant said that among the 10 bull signals that follow in the Bull Score Index, only one is active, with Bitcoin trading over the moving average for 365 days.

She said that the market needs to wait and know if the bull indicates “operation” in the coming weeks after Trump’s recent decision to stop the customs tariff.

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