Bitcoin Market Analysis: BTC Faces $84K Resistance – Can It Rally to $96K?

Bitcoin price volatility occurs via shifts in macroeconomic events and changes in investor sentiment. Investor behavior turned positive as U.S. President Donald Trump declared a 90-day global tariff hold, which led BTC to increase by 9%. Now, Bitcoin faces a critical resistance at $84,000, with analysts eyeing a potential surge to $96,000 if bullish momentum strengthens. According to Bitcoin market analysis, if this resistance is broken, there may be more gains, while failure to do so may result in consolidation.

Bitcoin Market Analysis: Bitcoin Bulls Eye $96K – But $84K Remains a Key Hurdle

Bitcoin has been testing the $84,000 resistance level, a price point that previously served as support during this bull cycle. CryptoQuant analysts warn that the current market needs more bullish momentum to surpass $84,000 as a strong resistance area. According to Bitcoin market analysis, Bitcoin may rise toward $96,000 if it can overcome the $84,000 resistance, propelled by positive macroeconomic variables such as inflation and Federal Reserve policies. The adoption of Bitcoin ETFs by institutions has contributed to enhancing market stability through its ability to bring in traditional investors.

Chart 1: Bitcoin is down 2.24% over the past 30 days, published on Binance, April 11, 2025. 

After plunging to $76,000 in early April, Bitcoin surged 9% after the announcement, briefly retesting $83,000. U.S. equities also responded, with the S&P 500 jumping 9.52% – its third-largest one-day gain since World War II – and the Nasdaq 100 rising 12.02%. Additionally, Bitcoin price movements have been influenced by U.S. President Donald Trump’s 90-day tariff pause. This temporarily relieved global markets.

Institutional Adoption and Market Sentiment: Can Bitcoin Reach New Heights? 

Industry professionals maintain positive expectations about Bitcoin’s extended future viability. Bitcoin is predicted to exceed its highest value of $109,000 according to Abra Global CEO Bill Barhydt, and it should reach between $130,000 to $140,000 in late June. Real Vision’s cryptanalyst Jamie Coutts indicates that Bitcoin might exceed expectations to attain new peaks before Q2 ends. 

Chart 2: Crypto Bull Score Index, published on Binance, April 11, 2025.

Statistical evidence reveals some warning signs about these positive forecasts.. According to CryptoQuant’s Bull Score Index, just one of 10 major bullish signs is active at the moment, indicating that Bitcoin is in a comparatively weak bull phase. According to Bitcoin market analysis, it may find resistance at $84,000, and the next target could be $96,000

Bitcoin’s Future: Institutional Growth vs. Market Uncertainty

Bitcoin price behavior in the future is unpredictable, mainly due to substantial macroeconomic influences. The adoption of Bitcoin by institutions remains active, while Bitcoin ETFs provide the asset with more recognition. Short-term market volatility will continue to last due to existing economic instability alongside regulatory hurdles.

During times of financial uncertainty, investors view Bitcoin more and more as a protective asset against rising inflation. A sustained bearish market sentiment may trigger a major price reduction. Market participants should closely monitor key resistance levels, macroeconomic trends, and institutional activity. This helps to predict Bitcoin’s next major move.

Final Thoughts: A Pivotal Moment for Bitcoin’s Future

According to Bitcoin market analysis, Bitcoin’s struggle at the $84,000 resistance level is crucial. Failure might hold Bitcoin in the range, while a breakout could spark a surge to $96,000. While market signs point to a weak bull phase, experts forecast new highs by the middle of the year, however, caution is still advised. Investors should keep a careful eye on institutional activities, laws, and economic policies in order to predict how Bitcoin will grow over the next several months.