Bitcoin News
By Sakamoto Nashi
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Bitcoin is encountering a potential price ceiling at the $84,000 level, according to a recent report from CryptoQuant.
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As of April 10, Bitcoin was trading around $79,474, reflecting a 3.5% daily drop, based on CoinMarketCap data.
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On April 2, Trump announced a sweeping tariff hike, uncertainty in traditional and crypto markets alike.
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According to CryptoQuant, the $84,000 zone now stands as a key resistance level. These levels previously acted as support during the ongoing bull cycle, but in the absence of…
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Despite the cautious outlook, some industry voices remain optimistic. Abra Global CEO Bill Barhydt suggested that Bitcoin could surpass its previous all-time high of $109,000…
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This bullish sentiment is echoed by Real Vision’s chief crypto analyst Jamie Coutts, who previously stated that the market may be underestimating Bitcoin’s capacity to set new…
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The index shows Bitcoin is in its least bullish phase since November 2022, suggesting that investors should wait for clearer indicators of market strength.
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In the short term, Bitcoin’s ability to maintain momentum above the $84,000 level could serve as a crucial litmus test for the overall market sentiment.
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Without stronger bullish confirmation, such as increased trading volume, positive macroeconomic news, or the activation of more bull signals tracked by CryptoQuant’s Bull Score…
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