Bitcoin (BTC) has shown a 9% increase in value over the last week, striving to secure support above the critical level of $88,000. Indicators such as DMI and Ichimoku Cloud indicate bullish signals, indicating a strong presence of buyers.
With this trend ongoing, BTC may soon challenge higher resistance levels around $88,000 and potentially surpass $90,000 and beyond. However, experts caution that uncertainties related to Trump's trade tariffs could disrupt the rally and lead to a potential pullback towards the $81,000 support area.
On the Bitcoin DMI chart, the strength of the trend has notably risen, with the ADX increasing from 24.07 to 29.54. This surge suggests growing momentum supporting the current movement, nearing the 30 threshold which confirms a robust and sustained trend.
The directional indicators show the +DI holding steady between 21 and 23, while the -DI has sharply dropped from 16.65 to 9.45, indicating a decline in bearish pressure. This shift highlights the dominance of buyers, with a widening gap between bullish and bearish momentum, potentially signaling a new bullish phase for BTC if the ADX surpasses 30.
In terms of the Ichimoku Cloud analysis, Bitcoin's chart demonstrates a clear bullish structure as the price remains above both the Tenkan-sen and Kijun-sen lines. The Kumo (cloud) is green and rising steadily, indicating a positive outlook for upcoming sessions, with the price maintaining a bullish trend as long as it stays above the Kijun-sen.
If the current positive momentum persists, BTC could break through resistance levels at $88,839 and potentially target $90,000 as a significant milestone. However, uncertainties surrounding Trump's trade policies might affect BTC's upward trajectory, prompting a retesting of support at $81,000. Amidst global economic uncertainties, the market remains cautious of unexpected developments.