Bitcoin Pulls Back After Rally. What Can Get the Crypto Back on Track.

By Elsa OhlenBitcoin and other cryptocurrencies pulled back early Thursday after a rally that propelled the world's largest digital coin to its highest level since before President Donald Trump unveiled his latest round of tariffs on April 2.Bitcoin is down 1.2% to $92,657 over the last 24 hours, according to CoinDesk data, snapping a three-day winning streak. It hit $94,000 on Wednesday after comments by Trump and Treasury Secretary Scott Bessent raised hope for easing trade tensions between the U.S. and China.Among other cryptocurrencies, Ether fell 3.3%, XRP dropped 5.2% and Solana was down 2.6%. Dogecoin led the losses, falling 5.7%.Bitcoin is finding resistance around $91,275, Ryan Lee, chief analyst at Bitget Research, said Thursday."Without sustained ETF inflows or a decisive move above $95,000, Bitcoin may consolidate or retrace to the $85,000 — $90,000 range," Lee added. "Investors are advised to closely monitor macroeconomic indicators and market liquidity, as these factors will likely influence Bitcoin's near-term trajectory."Bitcoin hit a record high of $109,225, on Jan. 20, the day of Trump's inauguration, on hopes that the new president would ease regulatory pressure on the crypto industry and boost prices. Bitcoin is down 15% since then but up more than 40% in the past 12 months.Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.