![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWFlOGMtMzI0OS03NGEyLWE2NzMtMTc1NGQ3OWZjOWUx.jpg\")
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Bitcoin (BTC<\/a>) passed $88,000 after the March 25 Wall Street open as risk assets stayed highly sensitive to US trade tariffs.<\/p>\n BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD tightly clinging to the daily open.<\/p>\n US stocks opened modestly higher, building on a comeback that provided traders some long-awaited cause for optimism.<\/p>\n A key ingredient in stemming the risk-asset rout<\/a> were cues from the US government and President Donald Trump over their planned round of trade tariffs set to begin on April 2.\u00a0<\/p>\n \u201cRisk assets staged one of their strongest sessions of the year, helped by a temporary easing of fears around the April 2nd tariff deadline,\u201d trading firm QCP Capital summarized in its latest bulletin to Telegram channel subscribers.\u00a0<\/p>\n \u201cTrump signalled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters.\u201d<\/p><\/blockquote>\n BTC\/USD vs. S&P 500 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n QCP noted that others were coming to believe that the worst of the equities setback had come and gone, including JPMorgan.<\/p>\n \u201cQ2, and April in particular, has historically been one of the best periods for risk assets, second only to the festive December rally,\u201d it added.\u00a0<\/p>\n \u201cThe S&P 500 has delivered an average annualised return of 19.6% in Q2, while Bitcoin has also recorded its second-best median performance during this stretch – again, trailing only Q4.\u201d<\/p><\/blockquote>\n BTC\/USD monthly returns (screenshot). Source: CoinGlass<\/em><\/p>\n<\/figcaption><\/figure>\n As Cointelegraph reported<\/a>, expectations for April among Bitcoin market participants are also high, given historical tendencies for strong price performance.<\/p>\n Statistics from monitoring resource CoinGlass<\/a> put average returns for BTC\/USD for both March and April at just under 13% over the past eleven years.<\/p>\n Analyzing short-timeframe BTC price action, traders increasingly focused on the $90,000 mark on the day.<\/p>\n Related: <\/strong><\/em>Bitcoin flips \u2018macro bullish\u2019 amid first Hash Ribbon buy signal in 8 months<\/strong><\/em><\/a><\/p>\n \u201c$BTC Is still trading at a solid spot premium during this bounce,\u201d popular trader Daan Crypto Trades acknowledged in one of his latest X posts<\/a>.\u00a0<\/p>\n \u201cIf it can maintain that while slowly making its way back into the previous range ($90K+), I’d be confident we’re due for a move back to new highs. For now it still remains a big resistance and price has been correlated to equities.\u201d<\/p><\/blockquote>\n BTC\/USD 1-day chart with perps basis. Source: Daan Crypto Trades\/X<\/em><\/p>\n<\/figcaption><\/figure>\n Meanwhile, CoinGlass showed ongoing sell-side liquidity just below $90,000 \u2014 previously attributed to market manipulation by a high-volume trader dubbed \u201cSpoofy the Whale.\u201d<\/p>\n Keith Alan, co-founder of trading resource Material Indicators, who coined the phrase, said that this entity alone would keep price trapped at around $87,500<\/a> going forward.<\/p>\nBTC price gains anticipate classic April comeback <\/h2>\n
Bitcoin stares down major seller liquidity<\/h2>\n