Bitcoin surged to a high above $91,000 on April 22, correlating with gold hitting new all-time records, as investor concerns about a potential economic recession rise. Analysts are now questioning whether Bitcoin can sustain its price above $95,000, given its struggle to remain above $90,000 in the past. Bitcoin's recent price fluctuations and broader market trends indicate potential resistance, particularly following a recent spike from $81,464. Despite Bitcoin's remarkable gain, key indicators in the futures and options markets suggest limited bullish sentiment, as the 25% delta skew is neutral at -2%. Comments from US Treasury Secretary Scott Bessent about the trade standoff with China also play a role in shaping investor sentiment, alongside declining Treasury yields. Many traders are seemingly cautious, possibly waiting for further developments in US-China trade relations before making more aggressive moves. While there's a chance Bitcoin might revisit $95,000, skepticism prevails amongst traders awaiting more clear signals from the market.

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