Bitcoin, that enigmatic digital currency that somehow makes people both rich and confused simultaneously, is currently doing its best impression of a yo-yo at $82,000. This is happening amidst the usual chaos of the US Treasury market, a US dollar that’s apparently on a diet, and the never-ending soap opera that is the US-China tariff war. Despite bouncing back twice from the $75,000 support level like a rubber ball, Bitcoin keeps getting rejected at $84,000 like a party guest who forgot the host’s name.
In a report that probably took longer to write than it did to read, CryptoQuant analysts suggested that Bitcoin, currently priced at $81,515 (give or take a coffee), might face resistance at $84,000. But if it breaks through, it could soar to $96,000, which is basically the cryptocurrency equivalent of finding a unicorn in your backyard. The report stated:
“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. This has been the case in past bearish cycles.”
In other words, Bitcoin is like a moody teenager—hard to predict and even harder to control.
US CPI and Trump’s Tariff Pause: The Plot Thickens
Donald Trump, the man who never met a headline he didn’t like, announced a 90-day delay on tariff implementation, which gave the markets a brief moment of relief and pushed Bitcoin closer to the $84,000 resistance. Bitfinex analysts, in a report that probably involved a lot of coffee, noted that while the tariff pause has temporarily calmed the markets, it’s about as lasting as a New Year’s resolution. They added:
“Bitcoin may also benefit from a slight reduction in macro pressure, but the market will likely wait for more concrete signals — such as a shift in Fed tone or improving liquidity conditions — before aggressively rotating back into crypto.”
Translation: Bitcoin needs more than a band-aid to fix its problems.
Meanwhile, the US Consumer Price Index (CPI) for March showed signs of cooling inflation, which is like saying the sun is slightly less hot today. The CPI eased to 0.1% in March, down from 0.2% in February, raising the possibility of a Fed rate cut in May. Because, you know, why not add more uncertainty to the mix?
USD Takes a Dive, BTC Takes a Leap
As Bitcoin bounced back like a boomerang, the US Dollar Index (DXY) dropped to 99.705, its lowest level since April, which is basically the financial equivalent of tripping over your own shoelaces. At the same time, gold surged to a new all-time high of $3,220, because apparently, shiny rocks are still a thing.
Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses!
“Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022. When accumulation addresses move this aggressively, it’s worth paying attention.” – By @burak_kesmeci
— CryptoQuant.com (@cryptoquant_com) April 10, 2025
In other news, a CryptoQuant report revealed that Bitcoin accumulation addresses recorded a massive inflow of 48,575 BTC, equivalent to $3.6 billion. This is the largest single-day inflow since February 1, 2022, which is basically the cryptocurrency equivalent of a Black Friday sale. Analysts emphasized that such significant activity in accumulation addresses is a key signal worth monitoring, or in other words, “Pay attention, folks, this could be big.”
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2025-04-11 16:37