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Bitcoin (BTC<\/a>) hit six-week highs on April 22 as US trade war tensions emboldened crypto bulls.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD above $91,000 after the Wall Street open \u2014 its highest since March 7.<\/p>\n Bitcoin and gold benefited from increasing market nerves over how China, Japan and others would respond to US trade tariffs.<\/p>\n XAU\/USD set fresh all-time highs on the day, while BTC\/USD faced a key bull market support trend line<\/a> that has been acting as resistance since early March.<\/p>\n For traders, the 200-day simple moving average (SMA) at $88,370 thus became the level to flip back to support on daily timeframes.<\/p>\n \u201cClosing in on the big $90K-$91K horizontal area which acted as the previous range low,\u201d popular trader Daan Crypto Trades wrote in part of ongoing analysis<\/a> on X.\u00a0<\/p>\n An accompanying chart showed the need to crack the area around $93,000 \u2014 Bitcoin\u2019s yearly open \u2014\u00a0to confirm the moving average reclaim.\u00a0<\/p>\n Continuing, Keith Alan, co-founder of trading resource Material Indicators, had similar views.<\/p>\n \u201cIf history has taught us anything, it’s important to watch for fake outs and confirmations,\u201d he noted<\/a>.\u00a0<\/p>\n \u201cIMO, confirmation of the trend reversal will come when BTC reclaims the Yearly Open. That move will put price on a trajectory to unwind the key moving averages and deliver a series of Golden Crosses in the days and weeks ahead.\u201d<\/p><\/blockquote>\n Fellow trader Roman, meanwhile, was among those staying cautious on the validity of a short-term BTC price swing.<\/p>\n Related: <\/strong><\/em>US dollar goes ‘no-bid’ \u2014 5 things to know in Bitcoin this week<\/strong><\/em><\/a><\/p>\n \u201cPrice now retesting prior support as resistance for now. A breakout above 93k would be great for bulls, however, I\u2019m unsure if we get it,\u201d he told<\/a> X followers about the weekly chart.\u00a0<\/p>\n \u201cWait for weekly close before you make assumptions or get excited. We\u2019ve seen so many fakeouts before. 5 days left!\u201d<\/p><\/blockquote>\n Also unsure that the move would last was popular analytics resource Ecoinometrics, which acknowledged that Bitcoin ultimately lost out when the Nasdaq 100 index was below its own 200-day SMA.<\/p>\nBitcoin lines up resistance flips around $90,000<\/h2>\n
BTC price rebound skepticism remains<\/h2>\n