Bitcoin Faces Key Resistance at $84,000: Will It Break Higher or Retrace?

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Bitcoin (BTC) is once again at a pivotal moment in its 2025 price trajectory, with analysts closely watching the $84,000 level as a critical resistance zone. According to data and insights from **CryptoQuant**, if bullish momentum fails to strengthen, Bitcoin could struggle to maintain gains above this threshold—and may even retreat toward the lower $80,000s. However, should the crypto asset break through, the next major resistance lies at $96,000, potentially opening the door for a sharp upward move.

This resistance isn’t arbitrary. The $84,000 price range previously acted as strong support during earlier phases of the current bull market. Now, as market dynamics shift, that former floor may become a ceiling—a common phenomenon observed in both traditional and digital asset cycles.

👉 Discover how market sentiment could push Bitcoin past key resistance levels.

From Support to Resistance: A Market Psychology Shift

In a recent market report published on April 10, CryptoQuant highlighted a structural change in Bitcoin’s price behavior: levels that once provided stability are now posing challenges.

“These price zones served as support earlier in this bull run, but if bullish sentiment doesn’t continue building, they may now act as resistance,” the report stated. “A similar reversal was seen during past bear markets.”

This transformation reflects broader shifts in trader psychology and positioning. When a price level repeatedly halts upward movement, it attracts sell orders and profit-taking, reinforcing its role as resistance. With Bitcoin currently trading around $79,474 (as per CoinMarketCap), down 3.5% over the past 24 hours and off 2.24% over the last 30 days, confidence is being tested.

April Market Volatility: Tariff Turmoil Triggers Swings

April has proven highly volatile for financial markets—and especially for Bitcoin. On April 2, former U.S. President Donald Trump announced increased global tariffs, sparking widespread risk-off sentiment across equities and crypto alike. Just days later, on April 9, he reversed course—temporarily suspending tariffs on most countries for 90 days (excluding China, where duties were raised to 145%).

The impact was immediate.

Markets responded with a powerful relief rally:

This sharp rebound underscores the deep interconnection between macroeconomic policy and digital asset performance—especially when uncertainty gives way to temporary clarity.

Bitcoin briefly breached $85,000 on April 1**, but concerns over trade tensions pulled it back to around **$76,000 by April 8. The bounce-back following the tariff pause suggests institutional and retail investors are still positioned for growth—but remain sensitive to geopolitical shocks.

Bullish Predictions Clash With Weak Momentum Indicators

While short-term price action has been choppy, long-term outlooks remain divided—some boldly optimistic, others cautionary.

Bill Barhydt, CEO of Abra Global, projected on April 10 via X (formerly Twitter) that Bitcoin could reach $130,000–$140,000 by late June—a rise of nearly 29% from current levels. He attributes this forecast to two primary drivers:

  1. Bitcoin’s role as a leveraged proxy for tech equities.
  2. Expanding global money supply trends.
“Bitcoin is essentially a leveraged bet on tech stocks—and all tech is moving up and to the right,” Barhydt said.

His view echoes sentiments expressed by Jamie Coutts, Real Vision’s chief crypto analyst, who recently told Cointelegraph that the market might be underestimating BTC’s velocity. He believes Bitcoin could set a new all-time high before Q2 ends.

👉 See how macro trends are fueling Bitcoin's next potential surge.

Yet these optimistic forecasts stand in contrast to on-chain data.

CryptoQuant’s Bull Score Index Shows Weakest Momentum Since Late 2022

One of the most telling indicators comes from CryptoQuant’s proprietary Bull Score Index, which tracks ten key metrics signaling bullish market conditions. As of early April 2025, only one of those signals remains active: Bitcoin continues to trade above its 365-day moving average.

Every other component—ranging from exchange outflows to miner accumulation and futures funding rates—has turned neutral or bearish.

This suggests that despite strong price rebounds and positive headlines, underlying market structure lacks broad-based conviction. Historically, such conditions have preceded either:

The suspension of tariffs may provide a temporary boost, but sustained momentum will require stronger evidence of demand—such as increased whale accumulation, declining exchange reserves, or rising open interest in derivatives markets.

Key Levels to Watch

Frequently Asked Questions (FAQ)

Q: Why is $84,000 an important level for Bitcoin?
A: This price zone previously acted as strong support during earlier stages of the bull market. If buying pressure fades, such levels often reverse roles and become resistance due to profit-taking and psychological barriers.

Q: What would need to happen for Bitcoin to reach $96,000?
A: A sustained breakout above $84,000 would be required, supported by rising volume, positive on-chain metrics (like declining exchange balances), and favorable macro conditions such as stable inflation data or dovish central bank signals.

Q: Can Bitcoin hit a new all-time high in Q2 2025?
A: Yes—analysts like Jamie Coutts believe it’s possible before June ends. However, this depends on renewed institutional inflows and stronger confirmation of bullish on-chain activity.

Q: What does the Bull Score Index measure?
A: It evaluates ten key indicators including exchange flows, miner behavior, futures markets, and network valuation models. Only one indicator—BTC trading above its yearly moving average—is currently positive.

Q: How do geopolitical events like tariffs affect Bitcoin?
A: Tariff announcements influence risk sentiment globally. Uncertainty tends to trigger sell-offs in risky assets like crypto; relief measures (like tariff pauses) can spark rapid rebounds as capital returns to growth-oriented investments.

👉 Explore real-time data that could signal Bitcoin’s next breakout.

Final Outlook: A Crossroads of Sentiment and Structure

Bitcoin stands at a crossroads. On one side are powerful macro tailwinds—expanding liquidity, growing institutional adoption, and increasing recognition of BTC as a macro hedge. On the other are technical headwinds: weakening momentum indicators and psychological resistance at critical price points.

The path forward hinges on whether recent optimism—sparked by policy shifts like the tariff pause—can translate into sustained demand. Until more Bull Score indicators turn green, traders should expect volatility and potential retests of lower support levels.

Still, the long-term narrative remains intact: many experts believe Bitcoin will not only reclaim its all-time high but surpass it significantly in 2025—provided the foundation of trust, scarcity, and adoption continues to grow.

For now, all eyes are on $84,000.


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