#Can BTC Break 90K?#

Bitcoin Surpassed 90,000 Dollars! What is the New Target?
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Bitcoin has started to show strong bullish signals for the first time since March 5, surpassing the $90,000 level. This recent rally came alongside a sharp rise in the ADX indicator, the formation of a bullish Ichimoku Cloud, and the positive alignment of short and long-term EMAs. As a cryptocurrency, today we will examine how far this rise might continue.

The clear suppression of selling pressure by buying pressure and the inflow of ETFs reaching the highest level in the last three months have turned market sentiment bullish. If the resistance zone is broken, it could open a new path towards $100,000 for BTC, further solidifying the role of the cryptocurrency as a value preservation tool in an uncertain market environment (hedge).

Bulls Take Control in Bitcoin! ADX Shows Strong Upward Movement
Bitcoin's Directional Movement Index (DMI) indicates a significant change in momentum. The Average Directional Index (ADX) has risen from 15.3 to 29.48 in the last two days.

ADX measures the strength of a trend regardless of its direction. Values below 20 indicate a sideways or weak trend, while values above 25 suggest that a strong trend is developing.

The approach of ADX to the level of 30 confirms that the current movement is gaining momentum and a strong directional trend has begun.

When taking a closer look at the DMI components, the positive directional indicator +DI is currently at 30.99. It has nearly doubled compared to the 15.82 two days ago, but is slightly behind the peak of 37.61 seen yesterday.

This indicates that the buying pressure has increased strongly in recent days but has slightly eased in the last 24 hours. The negative directional indicator -DI experienced a sharp decline from 22.48 to 10.86, clearly showing that the selling pressure has weakened.

A high ADX, strong +DI, and falling -DI combination indicates that the bulls are in control of the market. As long as this trend continues, Bitcoin's rise may persist in the short term.
Ichimoku Cloud Provides Net Bullish Signals
The Ichimoku Cloud chart of Bitcoin confirms a strong bullish structure. Prices are well above the cloud's (Kumo). This indicates a strong bullish momentum.

The color of the cloud has also shifted from red to green, indicating a transition from bear to bull in market sentiment.
The Tenkan-sen ( blue line) continues to stay above the Kijun-sen’s ( red line), and the distance between them is increasing; this indicates that the short-term bullish trend is strengthening further.

The future cloud (Senkou Span A and B) are showing an upward slope. This situation provides an indication that the trend could continue if current conditions are maintained.

Chikou Span ( is the green lagging line) that is located above both the candles and the cloud, confirming the trend alignment with a lag.

Bitcoin is Preparing for New Breakthroughs
The exponential moving averages of Bitcoin are positioned in favor of an upward trend. Short-term averages are above long-term averages, indicating a strong bullish trend.

Bitcoin is currently approaching a significant resistance level around 92,920 dollars. Breaking through this level could open the door for further upward movement.

If buying pressure increases, the next target could be $96,484. Meanwhile, inflows into Bitcoin ETFs have reached the highest level in the last three months.

The current structure indicates that if support levels are maintained, the bulls will continue to have control and the uptrend may continue.