Bitcoin (BTC) Climbs Towards $90,000: Indicators Show Positive Momentum
Technical indicators suggest that buyers are starting to take control of the market, offering hope for a continued upward trend.
DMI Indicates Buyer Dominance
According to information we cited from BeInCrypto, the Directional Movement Index (DMI) indicates that buyers have taken control.
The Average Directional Index (ADX) rose to 29.54 from 24.07, approaching the 30 threshold often considered a confirmation of a strong trend.
Meanwhile, the +DI remained stable around 23.47, and the -DI dropped sharply to 9.45 from 16.65, signaling a significant decline in selling pressure.
Ichimoku Cloud Confirms Bullish Trend
Ichimoku Cloud analysis reveals a clear bullish structure. Bitcoin’s price is trading above the cloud, with both the Tenkan-sen and Kijun-sen showing a bullish crossover.
This formation suggests that upward momentum could continue in the near future.
Potential Roadblock: Tariff Policy Uncertainty
Despite the positive trend shown by technical indicators, uncertainty surrounding tariff policies introduced by the Trump administration could trigger market volatility.
In the event of a correction, Bitcoin’s price could fall to a support level around US$81,000 before continuing its upward trend.
Conclusion
Bitcoin is showing positive momentum with technical indicators supporting a bullish trend toward US$90,000.
However, investors should remain cautious of external factors that could influence short-term price movement.
