Bitcoin (BTC) hit six-week highs on April 22 as US trade war tensions emboldened crypto bulls.BTC/USD 1-hour chart with 200SMA. Source: Cointelegraph/TradingView
Bitcoin lines up resistance flips around $90,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD above $91,000 after the Wall Street open — its highest since March 7.
Bitcoin and gold benefited from increasing market nerves over how China, Japan and others would respond to US trade tariffs.
XAU/USD set fresh all-time highs on the day, while BTC/USD faced a key bull market support trend line that has been acting as resistance since early March.
BTC/USD 1-day chart with 200SMA. Source: Cointelegraph/TradingView
For traders, the 200-day simple moving average (SMA) at $88,370 thus became the level to flip back to support on daily timeframes.
“Closing in on the big $90K-$91K horizontal area which acted