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The crypto market is experiencing significant volatility as Bitcoin approaches the $84,000 resistance level—a point that may determine its next major move. With U.S. tariff policy in flux and global liquidity on the rise, analysts are projecting new highs for Bitcoin, possibly reaching $140,000 in the near future.
Bitcoin at $84K Resistance: Bull Run or Pullback Ahead?
According to CryptoQuant’s latest market report, Bitcoin is approaching a key resistance zone around $84,000. If it fails to break through, the price may consolidate in the low $80,000s. Importantly, levels that once served as support during the current bull cycle may now turn into resistance if the bullish conditions weaken.
CryptoQuant emphasized: “If bullish conditions don’t continue to improve, these former support levels can now act as resistance—as has been the case in previous bear cycles.”
Crypto Volatility Rises Amid U.S. Tariff Policy Shifts
April has been a turbulent month as U.S. President Donald Trump initially increased global tariffs on April 2, causing panic across financial markets. He later paused the tariffs for 90 days (excluding China), which helped ease market concerns.
Bitcoin fell from above $85,000 on April 1 to around $76,000 by April 8 due to this uncertainty. However, it rebounded to $83,000 on April 9 following Trump’s announcement of a tariff pause—except for China, where tariffs rose to 145%.
Traditional markets responded similarly: the S&P 500 surged by 9.52%—its third-largest single-day gain since WWII—while the Nasdaq 100 jumped 12.02%.
Experts Forecast Bitcoin Could Hit $140,000 by Mid-Year
Bill Barhydt, CEO of Abra Global, stated on April 10 that Bitcoin may rise nearly 29% beyond its $109,000 all-time high, potentially reaching $130,000–$140,000 by late June. He attributes this forecast to the “significant increase in global money supply.”
Real Vision’s chief crypto analyst Jamie Coutts echoed this optimism, suggesting the market might be underestimating how quickly Bitcoin could surge—possibly reaching a new all-time high before Q2 ends.
However, CryptoQuant’s Bull Score Index shows that only 1 out of 10 bullish indicators is currently active, suggesting that while optimism is growing, the market is still awaiting stronger confirmation of a new bullish phase.
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Akash Kashyap
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