Bitcoin has officially taken off — soaring past the $93,000 mark — fueled by a surprising geopolitical twist from former President Donald Trump.
In a move that caught global markets off-guard, Trump announced a major reduction in tariffs on China, signaling a thaw in U.S.-China trade tensions. He also assured a more diplomatic approach to future negotiations, which sent a wave of optimism through the investor community. The result? Bitcoin skyrocketed to a new 2025 high.
What’s really happening? Let’s break down the last 24 hours.
Bitcoin's Bullish Rollercoaster – April 22, 2025
The day kicked off with Bitcoin charging upward, backed by strong bullish energy. It danced with resistance and support throughout the day:
Around 01:15 UTC, signs of overbuying hinted at a possible pullback. A small drop followed.
But Bitcoin didn’t stay down for long. After finding support at $87,854, it regained momentum.
By 12:55 UTC, it broke the key resistance at $88,846.
Another dip came at 15:15 UTC, but it found support again at $90,396, eventually climbing to a daily peak of $93,857 before closing just a touch lower at $93,517.
Today’s Moves – April 23, 2025
Bitcoin opened with a soft rise but soon showed bearish signs:
A death cross on MACD around 00:05 UTC hinted at a downtrend.
It resisted again at $93,857 but found new support at $92,580.
By 03:20 UTC, a golden cross signaled another bullish run.
Now trading at $93,370, Bitcoin is eyeing a breakout. If it smashes the resistance at $93,857, a new all-time high could be on the horizon. But if it slips, watch for a possible dip to the $90,396 support level.
Why This Matters
Trump’s tariff cut wasn’t just a diplomatic signal — it was a spark for risk-on investing. With market uncertainty easing, Bitcoin is once again the poster child for investor confidence and high-stakes opportunity.
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Hot Take
Bitcoin’s recent rally isn’t just technical — it’s political. With macroeconomic winds shifting, Bitcoin is moving from a speculative asset to a safe haven in the eyes of modern investors.