Bitcoin (BTC ($87,731.00)) price opened the week with strength, rallying to a daily high at $88,804, which was met by praise from analysts who have identified the $90,000 to $92,000 zone as the key price level to hit in the short term.
The market found strength on March 24 after US President Donald Trump suggested that his April 2 “tariff number” announcement could be softer than expected after cars and microchips were removed from the list.
According to Ben Yorke, the vice president of ecosystem at WOO, “The White House’s decision to walk back the threat of broad tariffs and to deploy a more targeted approach suggests Trump is wary of an economic backlash.”
Proof of the market’s positive response to the tariff news can be seen in the increase in Bitcoin futures open interest, where the general assumption is that traders used leverage to open new margin-long positions.
BTC/USDT ($1.00) 1-hour chart. Source:
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