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Bitcoin is once again at a pivotal crossroads, with analysts offering divergent outlooks on its next move. According to a recent April 10 report by CryptoQuant, Bitcoin (BTC) could consolidate in the low $80,000 range unless it breaks through its next major resistance at $84,000. At press time, Bitcoin was trading at $79,474—down 3.5% in the past 24 hours, per CoinMarketCap.
CryptoQuant notes that price levels previously serving as support during this bull cycle have now turned into resistance. “These price levels have acted as price support during this bull cycle but can now act as price resistance if bullish conditions don’t continue to improve,” the report warns.
April has proven volatile for the world’s largest cryptocurrency. After briefly surging past $85,000 on April 1, Bitcoin pulled back sharply to $76,000 amid market uncertainty driven by U.S. President Donald Trump’s announcement of global tariffs. However, when Trump paused those tariffs for 90 days on April 9—excluding China—both Bitcoin and traditional markets bounced. Bitcoin rallied 9%, regaining much of its lost ground and retesting $83,000.
The broader financial markets responded even more dramatically. The S&P 500 closed 9.52% higher—marking one of its biggest single-day gains since World War II—while the Nasdaq 100 surged 12.02%.
Despite the recovery, CryptoQuant’s Bull Score Index signals caution. Only one of ten tracked bullish indicators remains active, with Bitcoin trading above its 365-day moving average. The firm suggests the market must wait to see whether more bullish signals return.
Still, others remain optimistic. Abra Global CEO Bill Barhydt believes Bitcoin could soar to $130,000–$140,000 by late June, citing an expanding global money supply and the crypto market’s correlation to tech stocks. Real Vision’s Jamie Coutts echoed this sentiment, suggesting Bitcoin may hit new all-time highs before Q2 ends.
Bitcoin: 130-140k
— Bill Barhydt (@billbarX) April 10, 2025
altcoins: significantly higher gains
tech stocks…
It oughtta be a A mid summer night’s dream. pic.twitter.com/5IWWHlLajc
For now, all eyes are on the $84,000 level—whether BTC breaks through or stalls may define the next chapter of this bull cycle.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Bitcoin Bulls Beware: Why BTC Could Crash Below $71K Amid Macro Uncertainty
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
