CryptoQuant: Bitcoin bullish momentum remains sluggish, with the current key resistance range at $84,000-96,000

Odaily News According to the CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day suspension of tariffs, while ETH and XRP also narrowed their losses. Despite the rebound in Bitcoin prices, CryptoQuant's bull score index fell to 10, the lowest level since November 2022, and the index must break 40 to indicate continued bullish momentum.
CryptoQuant analysts pointed out that Bitcoin’s current key resistance level is between $84,000 and $96,000. If the bullish momentum weakens, Bitcoin’s gains may be limited in this price range, just like in past bear market cycles, so the market still needs to remain vigilant because the trend of the bull market index depends on whether investor confidence can be rekindled.