Tensions between the US and China have been heated as market-leading cryptocurrency Bitcoin is found to be stuck between macroeconomic uncertainty and powerful technical signals, failing to push beyond $90,000 towards the $100,000 price tag.
On April 22nd, Bitcoin (BTC) traded at $88,549.95, up 1.1% over the last 24 hours and 5% over the last 30 days.
Trump's tariffs and ongoing US and China lectures
US President Donald Trump recently shook the global market by announcing tariffs of up to 145% on Chinese imports, with a comprehensive 10% tariff on all other import tariffs that will take effect until at least July.
Trump doubled his economic nationalism and argued that tariffs were not only economic tools but strategic weapons. Trump's strategy is clear. It uses tariffs to rekindle domestic manufacturing and reduces reliance on foreign imports.
Related: Bitcoin's advantage reaches a new cycle peak as altcoins cannot keep up
However, reports show that US-China talks are ongoing to ease tensions. Trump said China “reached multiple times” to negotiate the deal and deny the rise in tariff rates before and after. The broader market wants a Bitcoin gathering once the situation is classified.
Bitcoin technical photos: Key Resistance Test
From a technical standpoint, BTC is approaching a key resistance cluster between $88,000 and $91,000, as analyst Ali Martinez points out.
These levels coincide with the 200-day and 100-day moving averages and the midpoints of recent integrated ranges.
#bitcoin $btc faces multiple layers of resistance between $88,000 and $91,000 including:
– 200-day moving average
– Intermediate level of integrated channel
– 100-day moving average pic.twitter.com/hpfspxb4xi– Ali (@Ali_Charts) April 22, 2025
Another analyst, Dern Crypto Trade, highlighted the recent break and oblique resistance above the daily 200 EMA, but highlighted the importance of retaining $85,000 in support.
Related: North Carolina's “Digital Asset Freedom Act” looks like a Bitcoin bill
In positive terms, the MACD indicator on the daily chart has turned bullishness over and shows an increase in purchasing momentum. Fibonacci's retracement level suggests that if it exceeds $86,491 (0% retracement level) daily, it can open the door to a retest of psychological resistance of nearly $90,000.
Source: TradingView
If it breaks, the next Fibonacci extension is at 1.618 ($66,960.99). This is interesting to note that it is below current prices and that if you stay above these zones, Bitcoin has already moved into the area of price discovery.
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