Bitcoin's wick above the $90K level—thanks to Donald Trump pulling back slightly from the trade war—led to the appearance of a golden cross.

By Tom A.R.M.Stoneman. Updated Apr 18, 2025, 1:14 a.m. PDT.

Bitcoin’s (BTC) wick above the $92K level—thanks to Donald Trump pulling back slightly from the trade war—led to the appearance of a golden cross.

Caused by the intersection of the 21-day and 50-day simple moving averages, this bullish signal suggests green days ahead for BTC.

However, before the community gets too excited, Material Indicators has posted a tweet stating that a new trend precognition signal has appeared on the BTC daily chart, indicating that support will be tested.

Despite the Golden Cross between the 21-Day & 50-Day SMAs, a new Trend Precognition signal on the BTC Daily chart indicates an inbound support test. A pump to $95k would invalidate the new signal.

This indicates that a move above the $95K level would invalidate this signal, according to the tweet.

While this isn’t a major development in the crypto world, it does highlight the ephemeral and volatile nature of the market. Times are green, but things can turn quickly.

Therefore, for those looking to maximize their gains, giving into the current FOMO by diving into crypto ICOs may be a smart move.

Bitcoin Price Analysis – Growth Slowed After the Recent Surge

The bulls were quick to respond after Donald Trump softened his stance on trade wars, leading to a massive surge that pushed BTC above $90K for the first time since February 2024.

At the time of writing, the world’s largest crypto is hovering above its $92K support, with $96.6K (0.392 fib) acting as resistance. To move beyond its all-time high, Bitcoin must cross this barrier, as suggested by Material Indicators. This means any upside momentum will depend on whether or not BTC breaks above the $95K level.

While the recent surge in institutional interest makes this possible, a whale sell-off could invalidate the support and drive the BTC price down.

That said, most top-tier analysts—such as Charles Hoskinson and Arthur Hayes—remain bullish about BTC reaching $250K either later this year or early next. This belief is encouraging more investors to stay optimistic about the state of crypto.

Furthermore, Alternative.me shows that greed sentiment has increased, suggesting that greener days could lie ahead for the cryptocurrency market.