Bitcoin (BTC) approached $90,000 at the March 24 Wall Street open as analysis cautioned about “conflicting signs and signals.” Data from Cointelegraph Markets Pro and TradingView indicated BTC/USD reaching $88,772 on Bitstamp – the highest levels since March 7. Following a month of sell-side pressure, Bitcoin saw daily gains of nearly 3% amidst risk-asset relief. The S&P 500 and Nasdaq Composite index were up 1.6% and 2%, respectively. The market reacted positively to news of the US government easing new trade tariffs, leading to sector-specific tariffs. Crypto market momentum was also fueled by rumors of the US potentially using gains from its gold reserves to purchase BTC. Keith Alan, co-founder of Material Indicators, highlighted how the news sparked interest among speculators. He emphasized the importance of reclaiming the 21-day simple moving average (SMA) and the 2025 yearly open around $93,300 for sustained BTC price upside. Alan stressed the significance of understanding validation/invalidation levels to determine if Bitcoin is heading back to all-time high territory or if it’s a developing bull trap. Until the yearly open is reclaimed, there is a higher likelihood of price retesting the lows. The article does not provide investment advice, and readers are encouraged to conduct their research before making any decisions.