Bitcoin, Ethereum, XRP, Dogecoin See Thundering Surge — Trader Eyes $90,000 BTC As 'Nice Entry'

Author: Khyathi Dalal | April 23, 2025 03:41pm

Major cryptocurrencies are surging across the board as trade war tensions ease, following President Trump's remarks that talks with China are "doing fine.”

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$93,169.06	+1.8%
Ethereum (CRYPTO: ETH)	$1,779.94	+4.7%
Solana (CRYPTO: SOL)	$149.30	+3.1%
XRP (CRYPTO: XRP)	$2.20	+2.4%
Dogecoin (CRYPTO: DOGE)	$0.1783	+3.6%
Shiba Inu (CRYPTO: SHIB)	$0.00001351	+2.6%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 34.2% and daily active addresses growing by 17.4%. Transactions greater than $100,000 are up from 8,839 to 11,674 in a single day. Exchanges netflows are down by 122.5%.
• Coinglass data reports 195,922 traders were liquidated in the past 24 hours for $634.49 million.

Notable Developments:

• Bitcoin Spot ETFs Record $936 Million Net Inflow, Ethereum ETFs Add $38.74 Million
• Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1
• Jack Dorsey Says Major Changes Coming To Block’s Self-Custody Bitcoin Wallet: What To Expect
• Brandon Lutnick, Tether, SoftBank Back $3 Billion Bitcoin Venture
• EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy

Top Gainers:

Cryptocurrency	Price	Gains +/-
OFFICIAL TRUMP (CRYPTO: TRUMP)	$13.07	+46.6%
Onyxcoin (CRYPTO: XCN)	$0.02203	+22.9%
Sui (CRYPTO: SUI)	$2.95	+20.8%

Trader Notes: Sistine Research has set a Bitcoin target at $370,000, citing a historical pattern: once BTC clears major psychological resistance zones, it tends to accelerate rapidly in momentum-fueled rallies.

Price action is often slow and cautious at resistance, until it isn't.

ShardiB2 highlighted that Bitcoin is undergoing an orderly pullback, and a dip to the $90,000 level, marked by the green line which would still be considered structurally healthy.

That zone could offer a high-conviction entry for bulls.

$BTC orderly pullback.. could even go to 90k where that green line is and still be good… would be a nice entry pic.twitter.com/mKq5BlSNkD

— Don't follow Shardi B if you hate Money (@ShardiB2) April 23, 2025

Byzantine General added that while Bitcoin has broken cleanly out of its downtrend, a significant technical win, this area is also a prime zone for mean reversion, with a potential move back toward the midrange before resuming trend.

Crypto trader CJ noted Bitcoin's strong close above range highs with no short signals in sight, confirming bullish momentum. However, with price now tapping into monthly liquidity, a retracement may be imminent.

He's watching for a "three drives" pattern into $95,000. If that level triggers a reversal, it could open up a short opportunity targeting the $90,000 imbalance or the equilibrium of the previous expansion candle.

If no reversal emerges, the bull trend remains intact, and there's no need to force trades.

Read Next: 

• Bitcoin Has Likely Bottomed At $74,500, $200,000 Is On The Table, Says Arthur Hayes

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $SHIB $SOL $SUI $TRUMP $XCN $XRP