Bitcoin Bulls Battle 90k Resistance Zone Fueled By Trump Tariff Woes
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- US President Donald Trump has confirmed that he is in talks with China to ease trade tensions.
- Bitcoin has failed to break above $90,000, facing numerous resistances like the 200-day and 100-day MAs.
- A successful daily close above $90,000 would break through several resistance barriers for BTC.
The tension between the United States and China has heated up as market leading cryptocurrency Bitcoin found itself caught between macroeconomic uncertainty and strong technical signals, failing to push above $90,000 and way toward the $100,000 price tag.
On April 22, Bitcoin (BTC) traded at $88,549.95, gaining 1.1% in the past 24 hours and up 5% over the last 30 days, as price action begins to flirt with major resistance zones, CoinMarketCap data shows.
Trump’s Tariffs and Ongoing US-China Talks
US President Donald Trump recently shook global markets by announcing tariffs of up to 145% on Chinese imports, with a 10% blanket tariff on all other imports taking effect until at least July.
Trump doubled down on his economic nationalism, asserting that tariffs are not only an economic tool but a strategic weapon. Trump’s strategy is clear: use tariffs to reigni…
The post Bitcoin Bulls Battle 90k Resistance Zone Fueled By Trump Tariff Woes appeared first on Coin Edition.
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