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The Bitcoin (BTC) market proved rather turbulent in the past week after a price decline below $75,000 was followed by a rebound to above $83,000. With the premier cryptocurrency showing indications of a sustained uptrend, blockchain analytics firm CryptoQuant has identified two potential key resistance zones lying in wait.

Bitcoin Realized Price Reveals Potential Strong Barriers At $84,000 And $96,000

In an X post on April 11, CryptoQuant shared an on-chain report on the BTC market indicating a potential encounter with two major resistances at $84,000 and $96,000 if Bitcoin maintains its current upward trajectory. These price barriers are revealed by the Realized Price metric which reflects the average price at which the current supply of BTC last moved on-chain thereby determining the market-wide cost basis. 

When Bitcoin trades above this level, it indicates a healthy bullish momentum with the majority of holders in profit. Conversely, when BTC is below the threshold, it suggests underwater sentiment as most investors are holding a loss. Therefore, the Realized price often functions as a crucial market pivot acting as strong support during bull markets and stiff resistance in bear phases. According to Julio Moreno, Head of Research at CryptoQuant, BTC’s current on-chain realized price is $96,000 with an immediate lower price band of $84,000. 

Interestingly, these two price levels have served as key support zones in the earlier bullish phase of the current market cycle. However, there is potential for both zones to act as resistance amidst the ongoing market correction. However, if Bitcoin is able to move past $84,000 and $96,000, it could signify the resumption of the bull market with the potential for the premier cryptocurrency to trade as high as $130,000. This projected gain would represent a 55% increase in current market prices.

BTC Price Overview

At press time, Bitcoin continues to trade at $83,180 reflecting a 3.65% gain in the past day. Meanwhile, daily trading volume is down by 11.99% and valued at $39.19 billion.

Amidst continuous macroeconomic developments driven by the US Government tariff changes, the crypto market continues to exhibit a strong level of uncertainty and assets fail to establish a clear momentum. However, blockchain analytics Glassnode reports that Bitcoin investors have formed a strong support zone at $79,000 and $82,080 at which over 40,000 BTC and 51,000 BTC have been accumulated respectively.

In the advent of any downtrend, both price levels are to offer short-term support and prevent a further price fall. With a market cap of $1.66 trillion, Bitcoin remains the largest digital asset accounting for over 60% of the crypto market cap.

Featured image from CNN, chart from Tradingview.com

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Over the past few weeks, the cryptocurrency market has been overwhelmed by a high degree of uncertainty and volatility triggered by the constantly shifting global macroeconomics. This unsettled market condition saw the Bitcoin price dance between $74,000 and $83,000 in the space of a few days.

The price of BTC sank toward $74,000 at the start of the past week as crypto investors panicked after United States President Donald Trump announced new trade tariffs. On Thursday, April 10, the premier cryptocurrency reclaimed the $83,000 level after President Trump paused trade tariffs on all countries except China.

Is Bitcoin Now A ‘Mature Asset’?

The Bitcoin price has been quite reactive to virtually every piece of news in the global trade, demonstrating the highly volatile state of the cryptocurrency market. However, an on-chain analytics expert has explained that the volatility of the current Bitcoin market pales in comparison to past episodes.

In a new post on the social media platform X, CryptoQuant’s head of research, Julio Moreno, revealed that the Bitcoin price volatility in the ongoing global trade drama has been “so far lower” than that from other past events, such as the COVID-19 crash, Terra-Luna collapse, FTX downfall, and the Silicon Valley Bank (SVB) bank run.

The relevant indicator here is the Price Intraweek Range metric, which estimates the percentage change in the average weekly price of Bitcoin. According to data from CryptoQuant, the Bitcoin Price Intraweek Range climbed to an all-time high of 72% during the COVID-19 market downturn in April 2020.

Source: @jjcmoreno on X

The chart above shows that the BTC Intraweek Range metric surged to 49% after the crash of the Terra Luna ecosystem in May 2022. Meanwhile, the indicator reached 31% following the collapse of the Sam-Bankman-Fried-led FTX exchange in late 2022 and the SVB bank run in early 2023.

With the escalating trade tensions between the United States and China, the Bitcoin Price Intraweek Range metric stands between 8% – 21%. This reduced volatility suggests that the premier cryptocurrency has matured as an asset, with deeper liquidity and a better market structure.

The relatively stable price action can be connected to the growing base of long-term holders and steady corporate adoption, as institutional players are beginning to view the world’s largest cryptocurrency less as a high-risk asset and more as a hedge against macroeconomic uncertainties.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $83,700, reflecting a 5% increase in the past 24 hours.

The price of BTC returns to above $83,000 on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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The US Dollar Index (DXY), which measures the dollar’s value against a basket of foreign currencies, has dropped to a three-year low. The decline contrasts with gold’s performance, which hit an all-time high of $3,220 amid rising trade war tensions.

Yet, DXY’s dip has sparked optimism among cryptocurrency investors. Many see the weakening dollar as a bullish signal for Bitcoin (BTC), which has recently shown signs of modest recovery.

Will Bitcoin Rally Following the DXY Index’s Fall?

Data shows that the DXY index dropped by 1.5% in the last 24 hours. As of press time, it stood at 99.4, marking its lowest level since April 2022. The decline is part of a broader trend in 2025, with the DXY down 8.3% since January.

“The US dollar index dropped to its lowest level in nearly three years amid capital outflows from American assets. Escalating trade tensions and growing concerns over broader economic fallout, particularly for the US, have weighed heavily on market sentiment,” CryptoQuant’s Alex Adler told BeInCrypto.

Notably, the index’s fall below 100 marks a critical threshold. Historical data highlights a strong correlation between a declining DXY and substantial Bitcoin price surges. 

The last two times the DXY fell below the 100 mark—in April 2017 and May 2020—Bitcoin experienced significant, months-long rallies. These substantial increases have led to speculation that history could repeat itself. If it does, Bitcoin could potentially be poised for another major surge.

Interestingly, Bitcoin has already shown signs of recovery after the 90-day tariff pause. The largest cryptocurrency reclaimed the $80,000 level, signaling renewed investor confidence. According to BeInCrypto data, Bitcoin appreciated by 0.8% over the past 24 hours. This reflected minor but positive gains that suggest momentum could be building.

In fact, the market watchers on X (formerly Twitter) share a similar outlook.

“Weak dollar is going to be a surprising tailwind for emerging markets this year that wasn’t on anyone’s bingo card,” a user wrote.

Meanwhile, an analyst observed that the US dollar’s decline has occurred despite the Federal Reserve’s failure to reduce interest rates or implement quantitative easing (QE).

“Traditionally, DXY going down is very bullish for BTC,” he said.

The analyst also highlighted a notable bearish divergence on the charts. Thus, he predicted that the dollar could potentially drop to 90, signaling a further decline in its value.

Similarly, another analyst described DXY’s decline as “one of the best anticipated macro moves ahead.”

“Each time this has happened in the past, it resulted in a massive bull market for Bitcoin, Crypto, and stocks,” Jackis remarked.

He also acknowledged that the markets have been slow to react, attributing this delay to a lag of more than three months. Additionally, he noted that the ongoing bond situation between China and the US, driven by escalating trade tensions, is contributing to this slow reaction. 

Yet, he believes this situation will either be resolved through a deal between the two countries or the Federal Reserve will intervene by buying long-term bonds to stabilize the market. Now, the coming weeks will be crucial to determine whether Bitcoin will actually enter another bull run or falter under geopolitical tensions and broader market shifts.