Bitcoin (BTC) has been shuttling between $ 74 to 84,000 dollars for the last week. The next stop of the BTC in the crypto market, which is the scene of high volatility due to US -based tension in global trade, is a matter of curiosity. In the latest market report published by Crypto Analytical Company Cryptoquant, the BTC’s 84,000 dollar band is seen as a critical threshold.
According to Cryptoquant analysts, Bitcoin’s current market cycle is quite critical. Analysts argue that this level, which has functioned support in the past, can now work as resistance. The report said that if Bitcoin manages to break up from $ 84,000 upward, the next target could be 96 thousand dollars.
The bull score index released by Cryptoquant reveals that only one bull signal is active: Bitcoin’s price is still above the 365 -day moving average. However, the fact that the remaining nine technical signals is passive shows that there is still a cautious atmosphere in investor sensitivity.
US customs duties have turned the markets upset
US President Donald Trump put customs duties on all countries last week, both stocks and crypto markets were deeply shaken. With Trump’s 90 -day exemption to countries that did not retaliate them, the markets were relieved. The harsh rises between the 9-12 percent in indices such as S&P 500 and Nasdaq enabled Bitcoin to re-test the $ 83,000 level by gaining approximately 9 percent on the same day.
New summit expectation from experts
Some of the market analysts think that Bitcoin can break new records in the coming period under the influence of macro developments, although technical indicators are weak. Abra Global CEO Bill Barhydt, on April 10, said that Bitcoin reached in January about 29 percent of the record level of 109,000 dollars, up to 29 percent, up to 130,000 to 140,000 dollars by the end of June.
https://twitter.com/billbarx/status/191044324322995379
Expectation of 200 thousand dollars for Bitcoin
Another optimistic expectation for Bitcoin, the world’s largest crypto currency in terms of market value, also expressed Bitwise manager. Bitwise Research President Ryan Radussen stated that despite the decrease, Bitcoin’s basic dynamics remained strong. Bitwise awaits Bitcoin’s price target for the end of 2025 years as 200 thousand dollars.
