Bitcoin analysts target $95,000 as Trump's trade war cools — Will BTC futures agree?

Bitcoin surged to $91,695 as the stock market rebounded due to signs of progress in Trump's trade war. Are BTC futures traders drinking the same Kool-Aid?

$BTC Soared to a 45-day high above $91,000 on April 22, and the bullish move coincided with gold hitting a new all-time high. The price increase reflects investors' concerns about the possibility of an economic recession amid ongoing global trade tensions.

The tide is turning, but does the data support the likelihood of Bitcoin prices rising above $95,000?

In neutral markets, Bitcoin futures premiums typically range from 5% to 10% to compensate for the longer settlement time. Currently, the annual premium is 6%, which is not considered particularly optimistic, although BTC has increased by $6,840 from April 20 to April 22. Some analysts interpret this as a sign that Bitcoin is beginning to decouple from the stock market.

Traders' PTSD may appear at BTC's $90,000

Part of this skepticism among traders stems from Bitcoin's continuous inability to maintain levels above $90,000 in early March. For example, Bitcoin tested the $95,000 mark on March 3, only to drop to $81,464 the next day.