BTC Nears $90K with Bullish Momentum, But Risks Linger
Bitcoin Eyes $90K Amid Bullish Signals, but Tariff Fears Keep Traders Wary
Bitcoin (BTC) is charging upward, gaining 9% over the past week and holding above the $88,000 mark. With technical indicators turning decisively bullish, the next major target is the psychological $90,000 level-though uncertainty around U.S. trade policies could still trigger a pullback.
DMI Indicator Shows Bulls in Control
Bitcoin’s Directional Movement Index (DMI) suggests strong momentum. The Average Directional Index (ADX) climbed from 24.07 to 29.54, nearing the 30 threshold-widely seen as confirmation of a strong trend.
Bullish momentum is further confirmed by the +DI at 23.47, holding steady, while the -DI dropped sharply from 16.65 to 9.45. This widening gap signals a clear shift in control to buyers.
Ichimoku Cloud Signals Ongoing Bullish Trend
The Ichimoku Cloud chart shows BTC trading well above both the Tenkan-sen (blue) and Kijun-sen (red), indicating bullish sentiment on both short- and mid-term timeframes.
The green, rising cloud (Kumo) below the current price points to continued upside potential. Even if BTC sees a short-term retracement, the trend remains intact as long as it stays above the cloud and key moving averages.
$90K in Sight-But Can BTC Push Through?
If the momentum holds, BTC could soon test resistance at $88,839 and break through to $90,000. Further targets lie at $92,920 and $98,484.
However, analysts caution that macroeconomic risks could stall the rally. Coin Bureau founder Nic Puckrin warns that lingering uncertainty around Trump’s trade tariffs could cause volatility:
“This positive momentum could vanish quickly if there’s a surprise tariff announcement,” he said, adding that unclear timelines and shifting exemptions have left markets on edge.
$81K Support Still in Play
Puckrin also notes that while BTC’s current trajectory is bullish, a correction to retest $81,000 support wouldn’t be unhealthy. Low liquidation levels under $200 million point to market hesitation, as traders await clarity on broader economic developments.
Bitcoin’s charts look bullish, and $90K is within reach-but investors are staying cautious. As long as BTC holds above $81,000, analysts believe any correction would be part of a healthy rally, not a reversal.
Iain Taylor
