Bitcoin reached a 45-day high of $91,695 on April 22, reflecting optimism linked to progress in the trade negotiations involving Trump. This rise has raised questions about whether Bitcoin will reach the target price of $95,000. The annualized premium for Bitcoin futures currently sits at 6%, which does not indicate strong bullish sentiment despite a recent price increase. Skepticism remains among traders due to past failures to sustain prices above $90,000, which adds to concerns about volatility. Additionally, Bitcoin’s performance has mirrored trends in the S&P 500, suggesting a potentially decreasing appetite for high-risk assets. Comments from US Treasury Secretary Scott Bessent indicated a potential easing of trade tensions, swaying some investor confidence. However, the options market reflects limited bullish enthusiasm, leaving many traders cautious. They appear to be waiting for further developments in trade relations before committing to more aggressive positions. Despite this caution, there is still a reasonable chance for Bitcoin to revisit or exceed $95,000 in the near future, depending on global economic conditions.

Source 🔗