Bitcoin (BTC) may be facing a critical test around the $84,000 resistance level, according to a new market analysis by CryptoQuant. While bulls have regained control after a sharp pullback earlier in April, whether BTC can sustain its upward momentum will determine if the next leg toward $96,000 is possible — or if the cryptocurrency will remain range-bound in the low $80,000s.Bitcoin Bulls Eye $96K — But $84K is a Key HurdleIn an April 10 market report, CryptoQuant analysts noted that Bitcoin's previous support zones during this bull cycle have now flipped into potential resistance, citing $84,000 as the next key level to break.“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 said.If Bitcoin manages to break above $84,000, analysts say the next target could be $96,000, especially if macroeconomic conditions support a broader market rally.BTC Price Rebounds After Trump’s 90-Day Tariff PauseBitcoin was trading at $79,474 at press time, down around 3.5% in the past 24 hours, according to CoinMarketCap data. The crypto market saw a sharp decline earlier in the month due to U.S. President Donald Trump’s aggressive tariff announcements but rebounded sharply after he paused global tariffs for 90 days, excluding China.On April 1, Bitcoin spiked to over $85,000 before slumping to $76,000 by April 8 amid growing macroeconomic uncertainty.Following Trump’s announcement on April 9, BTC surged 9%, briefly retesting $83,000, and U.S. equity markets followed suit with record gains.The S&P 500 rose 9.52% — its third-largest one-day gain since World War II — while the Nasdaq 100 soared 12.02%.Experts Forecast Bitcoin Surge to $130K by JuneAbra Global CEO Bill Barhydt said in an April 10 X post that Bitcoin could soon climb above its previous all-time high of $109,000, predicting a price between $130,000 and $140,000 by late June.“Bitcoin is a levered bet on tech stocks, and all of it is going up and to the right,” Barhydt wrote, citing the global increase in money supply as a key driver.Similarly, Real Vision’s chief crypto analyst Jamie Coutts recently told Cointelegraph that the market may be underestimating how quickly Bitcoin could hit new highs before Q2 ends.CryptoQuant Bull Score Index Suggests CautionDespite renewed bullish sentiment, CryptoQuant’s Bull Score Index suggests the market is still in a relatively weak bull phase — the least bullish since November 2022.Only 1 out of 10 key bull signals tracked by the index is currently active — Bitcoin’s trading position above its 365-day moving average. Analysts say traders should closely watch for more signals to re-activate following the recent tariff pause. according to Cointelegraph.Key Levels to WatchImmediate resistance: $84,000Next major resistance: $96,000Support range: $76,000 – $79,000Potential upside (midterm): $130,000 – $140,000 (if macro tailwinds persist)
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