Key notes
- A 90 -day price break by Donald Trump temporarily reduced market volatility, helping the Bitcoin rally.
- The cooling of American inflation, with a fall in the IPC to 0.1% in March, increased expectations of a drop in the Fed rate.
- Bitcoin accumulation addresses have seen an influx of $ 3.6 billion, the largest since February 2022, reporting increased confidence in the main stakeholders.
Bitcoin
BTC
$ 84 757
24h volatility:
1.0%
COURTIC CAPESSION:
$ 1.68 T
Flight. 24 hours:
$ 24.85 B
The price flirts again at $ 82,000 in the context of uncertainty on the US treasury market, down the US dollar and the climbing of the American-Chinese tariff war. Although BTC has rebounded twice from the support of $ 75,000 during last week, it faces a major rejection at $ 84,000 upwards.
In a report on the April 10 market, cryptocurrency analysts said Bitcoin (BTC), currently at a price of $ 81,515, could encounter resistance at $ 84,000 if his rally continues. However, a break could push BTC above to its next resistance at $ 96,000. The report noted:
“These price levels have acted as prices during this bull cycle, but can now act as a resistance to prices if the bullish conditions do not continue to improve. This was the case in the past lower cycles. ”
US CPI and Trump Tariff Pause can be a Bitcoin Price Surge catalyst
Donald Trump announced that he would delay the implementation of the rate for 90 days, which brought a certain relief to the markets while taking the price of Bitcoin near the resistance of $ 84,000. Bitfinex analysts noted in a report on Thursday that, although the price break temporarily calmed the markets after a first volatile quarter, it is unlikely that it would offer a lasting solution.
They added that if these conditions could provide short-term support for cryptocurrencies, a more substantial catalyst would be necessary to cause significant capital entries in Bitcoin. Bitfinex analysts said:
“Bitcoin can also benefit from a slight reduction in macro pressure, but the market will probably wait for more concrete signals – as a changing tone tone or the improvement of liquidity conditions – before turning aggressively in crypto.”
In addition, for the month of March, the American consumer price index (IPC) has cooled at 2.4%, showing signs of cooling inflation and increasing the possibility of falling the rate of the Fed next month in May. The latest data in the American Labor Department reveal that IPC inflation spent 0.1% in March, a drop of 0.2% the previous month.
USD slides but BTC is gaining ground with strong accumulation
While the price of Bitcoin bounced, the US dollar index (DXY) fell to 99.705, its lowest level since April, reflecting a green background against a basket of foreign currencies. At the same time, Gold has reached a new summit of $ 3220, continuing its record ascent.
Bitcoin influx of $ 3.6 billion to accumulation addresses!
“Bitcoin accumulation addresses have received 48,575 BTC – the largest influx of a day since February 1, 2022. When the accumulation of addresses moves it aggressively, it is worth paying attention.” – By @burak_kesmeci pic.twitter.com/mvifucxkwz
– cryptotics.com (@cryptoquant_com) April 10, 2025
In addition, a cryptocurrency report shows that the Bitcoin accumulation addresses have recorded a massive influx of 48,575 BTC, which is equivalent to 3.6 billion dollars, marking the largest influx of a day since February 1, 2022. Analysts emphasize that such an important activity in the accumulation addresses is a key signal.
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Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
