Warning on Bitcoin from CryptoQuant analysts

Bitcoin (BTC) has been shuttling between $74,000 and $84,000 for the past week. BTC's next stop in the crypto market, which is witnessing high volatility due to the US-based tension in global trade, is a matter of curiosity. In the latest market report published by crypto analytics firm CryptoQuant, BTC's $84,000 band is seen as a critical threshold.

According to CryptoQuant analysts, the $84,000 level is quite critical in the current market cycle of Bitcoin. Analysts argue that this level, which has served as support in the past, could now act as resistance. The report states that if Bitcoin manages to break above $84,000, the next target could be $96,000.

The Bull Score Index published by CryptoQuant reveals that currently only one bullish signal is active: the price of Bitcoin is still above the 365-day moving average. However, the fact that the remaining nine technical signals are in a passive state indicates that there is still a cautious sentiment among investors.

U.S. tariffs upend markets

Last week, after U.S. President Donald Trump imposed tariffs on all countries, both the stock and crypto markets were deeply shaken. The markets calmed down with Trump's announcement of a 90-day exemption for countries that did not retaliate against them. The sharp increases of 9-12% in indices such as the S&P 500 and Nasdaq allowed Bitcoin to gain approximately 9% on the same day, testing the $83,000 level again.

Experts expect new peak

Some market analysts believe that despite weak technical indicators, macro developments could allow Bitcoin to reach new records in the upcoming period. Abra Global CEO Bill Barhydt stated in a statement on April 10 that Bitcoin could rise approximately 29% above the record level of $109,000 reached in January, potentially reaching a range of $130,000 to $140,000 by the end of June.

Bitcoin: 130-140k altcoins: significantly higher gains Tech Stocks...

It oughtta be a A mid summer night's dream. pic.twitter.com/5IWWHlLajc

— Bill Barhydt (@billbarX) April 10, 2025

Expectation of 200 thousand dollars for Bitcoin

An optimistic expectation for Bitcoin, the largest crypto by market capitalization, was also expressed by Bitwise's manager. Bitwise Research President Ryan Rasmussen stated that despite the recent decline, Bitcoin's fundamental dynamics remain strong, saying, "There has been a very strong flow of news in the market in recent months. The White House's Bitcoin reserve plan, the clarification of the regulatory environment, and the interest of large state funds in crypto indicate that this asset could rise in the long term. The current fluctuations may be a period where these positive effects are delayed in their reflection." Bitwise expects Bitcoin's price target to be 200,000 dollars by the end of 2025.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.