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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81717"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=81717"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81717\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=81717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=81717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=81717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}