Bitcoin traders turn to $93K yearly open as BTC price hits 6-week high

From Cointelegraph

April 22, 2025 11:19 am:

Bitcoin (BTC) reached six-week highs on April 22 amid US trade war tensions. BTC/USD surpassed $91,000 after Wall Street opening, the highest since March 7. Bitcoin and gold benefited from market nerves over trade tariffs. Traders aim to flip the 200-day SMA at $88,370 to support for a bullish trend reversal.

Analysts caution on BTC price rebound skepticism. Roman warns of prior support turning resistance and advises waiting for a breakout above $93,000. Ecoinometrics notes Bitcoin’s historical struggle when Nasdaq 100 is below its 200-day SMA. Traders urge caution and suggest conducting personal research before making investment decisions.

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