{"id":21871,"date":"2025-04-13T14:18:07","date_gmt":"2025-04-13T14:18:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21871"},"modified":"2025-04-13T14:18:07","modified_gmt":"2025-04-13T14:18:07","slug":"us-tariff-pause-sparks-crypto-rally-but-bullish-momentum-remains-weak","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21871","title":{"rendered":"US Tariff Pause Sparks Crypto Rally, But Bullish Momentum Remains Weak"},"content":{"rendered":"
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At the end of this past week, the prices of cryptocurrencies witnessed a significant rally, which was largely attributed to eased trade tensions due to a tariff pause. Despite this somewhat bullish move, bearish market conditions still persist.<\/p>\n

According to a weekly report<\/a> from the market analytics platform CryptoQuant, bitcoin (BTC) has been in one of its least bullish phases since November 2022. The asset\u2019s on-chain metrics signal that a sustained rally in the near term is unlikely.<\/p>\n

BTC Rallies on Paused Tariffs<\/h2>\n

The week began with high volatility that triggered a sell-off that dragged bitcoin\u2019s price from $84,000 to a five-month low of $74,000. Ether (ETH) also fell to its March 2023 low of $1,385 as China and the European Union imposed retaliatory tariffs against the United States.<\/p>\n

By the middle of the week, U.S. President Donald Trump announced a 90-day pause on tariffs for all countries except China. During these three months, China will be subject to 125% tariffs while 10% will be imposed on other countries. The development triggered a rally among crypto assets, with BTC rebounding after touching its 365-day moving average; CryptoQuant said this level has acted as support in current and previous market cycles.<\/p>\n

While BTC currently trades at $83,460, CryptoQuant believes it has found support at its 365-day moving average of $76,100. A sustained plunge below this level would signal the onset of a bear market.<\/p>\n

Market Still in Bearish Condition<\/h2>\n

Although market sentiment improved after Trump paused the tariffs, it is worth noting that BTC has recorded its largest drawdown of this cycle \u2013 a 27% correction. Data from CryptoQuant\u2019s Bull Score Index shows the cryptocurrency is still in one of its least bullish phases in over two years.<\/p>\n

As reported<\/a> earlier by CryptoPotato<\/em>, the Bull Score Index assesses bitcoin\u2019s investment environment by evaluating nine on-chain indicators and one market metric. The model measures the conditions of the metrics from 0 to 100, with the former being bearish and the latter being bullish.<\/p>\n

The index has now fallen to 10 after hovering around 20 since mid-March; a continued stay below 40 indicates weak investor sentiment and the beginning of a bear market. Besides that, only one metric is flashing bullish signals in the metric, which is the price of BTC hovering above its 365-day moving average. The remaining nine have mostly been bearish since February 23, when BTC was still changing hands at $96,000.<\/p>\n

Meanwhile, analysts have marked the $84,000 and $96,000 levels as resistance zones if BTC continues its ascent in the coming days.<\/p>\n

The post US Tariff Pause Sparks Crypto Rally, But Bullish Momentum Remains Weak<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

At the end of this past week, the prices of cryptocurrencies witnessed a significant rally, which was largely attributed to eased trade tensions due to a tariff pause. Despite this somewhat bullish move, bearish market conditions still persist. According to a weekly report from the market analytics platform CryptoQuant, bitcoin (BTC) has been in one […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21871","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21871"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21871\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}