The post Bitcoin Eyes $90,000, But Key Resistance Levels Loom appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) is up 9% over the past week and is currently trying to establish support above the key $88,000 level. Momentum indicators like the DMI and Ichimoku Cloud are showing clear bullish signals, with buyers firmly in control. If this trajectory continues, BTC could soon test higher resistances near $88,000 and potentially aim for $90,000 and beyond. However, analysts warn that renewed uncertainty around Trump’s trade tariffs could disrupt the rally and trigger a pullback toward the $81,000 support zone. Bitcoin DMI Show Buyers In Full Control Bitcoin’s DMI chart shows a notable rise in trend strength, with the ADX climbing to 29.54 from 24.07 yesterday. This increase suggests growing momentum behind the current move, pushing the ADX close to the 30 threshold—widely seen as confirmation of a strong, sustained trend. A rising ADX doesn’t indicate direction on its own, but when paired with directional indicators, it helps identify the prevailing force in the market. BTC DMI. Source: TradingView. Looking at those directional indicators, the +DI is currently at 23.47 and has remained steady between 21 and 23 over the past two days. Meanwhile, the -DI has dropped sharply to 9.45 from 16.65, signaling a significant decline in bearish pressure. This widening gap between bullish and bearish momentum points to buyers taking control, and if the ADX continues to rise above 30, it could validate a new bullish phase for BTC. BTC Ichimoku Cloud Shows A Clear Bullish Structure Bitcoin’s Ichimoku Cloud chart continues to lean bullish, with price holding firmly above both the Tenkan-sen (blue line) and Kijun-sen (red line). This positioning suggests that both short-term and medium-term momentum remains in favor of buyers. The flat nature of the Kijun-sen could act as a strong support area, while the rising Tenkan-sen shows buyers are still active on smaller…

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Filed under: News - @ April 15, 2025 9:22 pm