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CryptoQuant: The bullish momentum for Bitcoin remains subdued, with the current key resistance level range at $84,000 - $96,000.
Golden Finance reported that according to the CryptoQuant Insights report, Bitcoin experienced a Rebound after Trump announced a 90-day tariff suspension, while the declines of ETH and XRP also narrowed. Despite the Rebound in Bitcoin’s price, CryptoQuant’s bull run score index fell to 10, the lowest level since November 2022, and this index must break through 40 to indicate a sustained bullish momentum. CryptoQuant analysts point out that Bitcoin’s current key resistance is between $84,000 and $96,000. If bullish momentum weakens, Bitcoin’s rise may be limited within this price range, just like in past bear market cycles. Therefore, the market still needs to remain vigilant, as the trend of the bull run index depends on whether investor confidence can be reignited.