Bitcoin (BTC) price surged to a daily high of $88,804 at the beginning of the week, drawing praise from analysts eyeing the $90,000 to $92,000 range as a crucial short-term target. The market received a boost on March 24 when US President Donald Trump hinted at a softer tariff announcement on April 2, following the removal of cars and microchips from the list. Ben Yorke, WOO’s vice president of ecosystem, interpreted this move as Trump’s caution against economic repercussions. The response to the tariff news was evident in the rise of Bitcoin futures open interest, indicating traders leveraging new margin-long positions. The return of the Coinbase Premium and a continuous influx of spot BTC ETFs for the 7th day suggest a resurgence in spot demand, potentially signaling a shift in sentiment after weeks of downward pressure. Data from SoSoValue reflects US spot Bitcoin ETF net flows of $84.17 million. Despite the positive market indicators, the question remains whether Bitcoin can reclaim the $100,000 mark. Lingling Jiang from DWF Labs highlighted structural and narrative factors driving the current upward trend in Bitcoin. The technical analysis shows Bitcoin trading below the range from November 2024 to February 2025, with resistance near the $89,500 – $90,000 range. Independent analyst Scott Melker pointed out a bullish trend in Bitcoin’s 4-hour relative strength index, supported by higher lows and highs. The article refrains from providing investment advice, emphasizing the importance of conducting thorough research before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) price surged to a daily high of $88,804 at the beginning of the week, drawing praise from analysts eyeing the $90,000 to $92,000 range as a crucial short-term target. The market received a boost on March 24 when US President Donald Trump hinted at a softer tariff announcement on April 2, following the […]<\/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\/82324"}],"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=82324"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/82324\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=82324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=82324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=82324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}