Bitcoin’s new price increase targets a ‘foolish’ resistance of $90K

BitcoinBTCAfter the Wall Street opening on March 25,, risk assets continued to be highly sensitive to US tariffs.

BTC Price Gains Anticipate Classic April Comeback

Data from Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD was clinging tightly to the open of every day.

US shares opened modestly up, aided by a recent comeback which gave traders some much-needed optimism.

The key to stemming the risk-asset rout The US Government and Donald Trump gave hints about their planned trade tariffs that will begin April 2. 

“Risk assets staged one of their strongest sessions of the year, helped by a temporary easing of fears around the April 2nd tariff deadline,” The latest Telegram bulletin from QCP Capital, a trading company. 

“Trump signalled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters.”

QCP reported that JPMorgan and others, such as QCP themselves, were beginning to feel that the worst was over for the stock market.

“Q2, and April in particular, has historically been one of the best periods for risk assets, second only to the festive December rally,” It added. 

“The S&P 500 has delivered an average annualised return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch – again, trailing only Q4.”

The following are some of the ways to get in touch with us. Cointelegraph reportedThe expectations of Bitcoin traders for April are high as well, given the historical trends for strong performance.

Stats from Monitoring Resource CoinGlass In the last eleven years, BTC/USD returns in both March andApril have averaged just over 13%.

Bitcoin stares down major seller liquidity

As traders analyze BTC’s short-timeframe price movements, they are increasingly focused on $90,000.

Related: Bitcoin flips ‘macro bullish’ amid first Hash Ribbon buy signal in 8 months

“$BTC Is still trading at a solid spot premium during this bounce,” Daan Crypto trades is a well-known and popular trader. latest X posts. 

“If it can maintain that while slowly making its way back into the previous range ($90K+), I’d be confident we’re due for a move back to new highs. For now it still remains a big resistance and price has been correlated to equities.”

Meanwhile, CoinGlass showed ongoing sell-side liquidity just below $90,000 — previously attributed to market manipulation by a high-volume trader dubbed “Spoofy the Whale.”

Keith Alan said the only entity that could keep up with price increases was Material Indicators. trapped at around $87,500 Moving forward

Alan stated that the annual open level is another crucial support to consider. just above $93,000. He warned that if they didn’t, the market could return to its multi-month lows.

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.