#BTCRebound

Bitcoin Rebounds on Tariff Relief, But Bullish Drought Persists: Cryptoquant

Crypto prices surged after a temporary U.S. tariff halt, yet bullish momentum remains subdued, Cryptoquant researchers report. Bitcoin clawed back losses at a critical technical support level, but weak investor sentiment signals caution ahead.

Bitcoin’s $76K Support Holds, But Bull Index Flashes Red

Cryptocurrency markets rallied sharply on April 9 after U.S. President Donald Trump announced a 90-day tariff pause for most nations, though China faced heightened levies, according to the latest Cryptoquant insights report. Bitcoin rebounded from a five-month low of $74,000 to $82,077, buoyed by the policy shift, while ethereum and XRP also pared losses.

The rebound followed bitcoin’s dip to its 365-day moving average (MA) at $76,100—a historically pivotal support level that stalled declines in 2021 and 2024, cryptoquant.com data shows. A sustained break below this MA could signal a bear market, researchers noted.