Bitcoin bull market index rises to 40 points; Bloomberg: the U.S. and Iran are considering extending the ceasefire agreement by two weeks

On April 16, during the Asian early session, Bitcoin is temporarily trading near $74,700. According to a report released this week by CryptoQuant analyst Arab Chain, the Bitcoin bull market score index has risen to 40 points, the highest level since October 2025. Meanwhile, Bloomberg reported on Wednesday that the United States and Iran are evaluating a proposal to extend the current ceasefire agreement by two weeks.

CryptoQuant Bull Market Score Index (BSI) Rebounds to 40 Points

(Source: CryptoQuant)

Based on the analysis report from CryptoQuant-certified analyst Arab Chain, as of April 14, Bitcoin’s BSI rose to around 40 points. Arab Chain noted that 40 points falls within a neutral range, below the 60-point threshold for a strong bullish signal, but it has already moved out of the extremely bearish zone below 40.

CryptoQuant data tracking shows the historical trend of BSI over the past six months as follows:

Early October 2025: BSI at 80, BTC at a historical high of $126,000

October 10, 2025: BTC falls to $120,000, and BSI drops to 40

Late October 2025: BTC declines to $110,000, and BSI drops to 20

November to December 2025: BSI further declines to 10

January 2026: BSI briefly rebounds to 20

Early March 2026: BSI falls again to 10

April 14, 2026: BSI rebounds to around 40

Arab Chain said that BTC needs to hold above $72,000 to maintain the recent uptrend structure.

Bitcoin’s Recent Price Action: Rebound From March Lows

According to market data, BTC began to rebound after dropping to $65,000 on March 29, 2026, and since then has continued to form a price structure with higher highs and higher lows. On April 14, BTC briefly rose to $76,000, its highest level in nearly a month; as of the time of this report on April 16, it has pulled back to around $74,700.

In an interview, Bitwise Chief Information Officer (CIO) Matt Hougan said that after Russia was excluded from the SWIFT settlement network, attention to neutral payment rails has increased, and discussions about Bitcoin as a non-sovereign settlement medium have entered parts of the policy agenda.

Latest Developments in U.S.-Iran Ceasefire Talks: Bloomberg and Reuters Report

On April 15, Bloomberg reported that the United States and Iran are evaluating a proposal to extend the current ceasefire agreement by two weeks, and that the details of the negotiations have not yet been made public.

On April 16, Reuters reported that Iran has put forward a new proposal regarding the issue of the passage of ships through the Strait of Hormuz. The proposal includes allowing ships to navigate freely in waters on the Oman side, and it has been incorporated into Iran’s negotiation position. Reuters’ report indicates that Iran has not yet provided clear explanations on issues in the plan such as mine clearance and passage eligibility for ships linked to Israel, and that the proposal is premised on the U.S. meeting Iran’s relevant conditions.

According to another report, Pakistan’s Army Chief of Staff, General Munir, led a delegation to visit Iran to hold consultations on negotiations regarding Iran’s nuclear issue. In terms of Iran’s side, it said that internal assessments are needed to complete subsequent negotiation arrangements.

Frequently Asked Questions

What is the data source for the Bitcoin bull market score index (BSI)?

BSI data is tracked by the on-chain data platform CryptoQuant. The related analysis in this case was released by CryptoQuant-certified analyst Arab Chain around April 14, 2026.

What was the highest trading price for Bitcoin on April 14?

Based on market data, Bitcoin rose to $76,000 on April 14 (Tuesday), the highest level since March 2026. The current quote has since pulled back to around $74,300.

What is the reporting source for the U.S.-Iran ceasefire extension proposal?

According to Bloomberg’s report on April 15, the United States and Iran are evaluating a proposal to extend the ceasefire by two weeks. On April 16, Reuters independently reported on the Hormuz Strait negotiation proposal, and the two represent diplomatic progress reporting on different dimensions.