Bitcoin (BTC) has surpassed the $90,000 threshold for the first time since March 5, with positive momentum indicators suggesting a bullish trend. The surge is accompanied by a significant rise in ADX, an optimistic Ichimoku Cloud pattern, and EMA alignment indicating further upward movement.

The current market sentiment leans towards the bulls, as buying pressure prevails and ETF investments reach a three-month peak. Breaking resistance levels could pave the way for Bitcoin to reach $100,000, reinforcing its role as a hedge during periods of market uncertainty.

Bitcoin's DMI shows a shift in momentum, with its ADX climbing to 29.48 from 15.3 within two days, indicating a strengthening trend. The +DI and -DI components suggest that buying pressure is strong, while selling pressure is decreasing, keeping the bulls in control. The Ichimoku Cloud chart supports upward momentum, with clear bullish signals and a positive trend confirmed by various indicators.

The EMA lines also indicate a bullish trend, with short-term averages above longer-term ones. Bitcoin's price is edging towards a crucial resistance level at $92,920, and breaching this level could lead to further gains. However, if the trend weakens, Bitcoin might experience a temporary decline towards support levels at $88,800, with potential further corrections towards $86,532 and $83,133.