According to the CryptoQuant Insights report, Bitcoin rebounded after Trump announced a 90-day tariff suspension, while ETH and XRP narrowed their declines. Despite Bitcoin's price rebound, CryptoQuant's bull market score index dropped to 10, the lowest level since November 2022, and the index must break through 40 to indicate a sustained bullish momentum.
CryptoQuant analysts pointed out that Bitcoin's current key resistance is between $84,000 and $96,000. If the bullish momentum weakens, Bitcoin's gains may be limited in this price range, similar to past bear market cycles. Therefore, the market still needs to remain cautious, as the bull market index trend depends on whether investor confidence can be reignited.
