Bitcoin (BTC) for the first time from March 5 overcame $ 90,000. Impulse indicators give more and more bull signals.
Buyers dominate the sellers, and the influx of funds in BTC-ETF reached a three-month maximum, creating favorable conditions for bulls. If the resistance is overcome, Bitcoin (BTC) can take a rate of $ 100,000. This will strengthen its role as a hedging tool in conditions of general uncertainty in the market.
Bulls restore control
The directed movement index (DMI) of bitcoin shows a significant change in the impulse. Its medium -sized Average Directional Index (ADX) index sharply grew to 29.48 – from a mark of 15.3 only two days ago.
The index measures the strength of the trend, regardless of its direction. The values below 20 are indicated to the weak or lateral market, and the values above 25 are the formation of a strong trend. In the case of Bitcoin, ADX is approaching 30. This confirms that the current movement is gaining momentum and a more clear directed trend is formed.
The analysis of DMI components also shows that +DI (positive orientation indicator) is now 30.99. This is almost twice as much as 15.82 two days ago, although slightly lower than yesterday’s peak 37.61. This indicates that purchasing activity has recently increased, but has slightly decreased over the past 24 hours.
Meanwhile, the -DI (negative orientation indicator) fell sharply to 10.86 with 22.48, which indicates a clear weakening of sellers pressure.
The combination of a strong ADX and high +di, coupled with a falling -DI, says that the bulls are now controlled by the market. If the trend continues, bitcoin can continue growth in the near future.
The moment gives distinct bull signals
Ishimoku cloud schedule demonstrates distinct bull signals. The price is significantly higher than the cloud, which indicates a strong upward impulse. The cloud changed the color from red to green, signaling about the transition from bear to bull mood.
The Tencan line (blue) remains above the Kizun (red) line, which enhances the short -term bull -dot. The gap between them continues to increase, testifying to the strengthening of the impulse.
In addition, the future cloud zone (Senkou Span a and B) is directed upward. This suggests that the bull trend can continue if the current conditions remain.
The Chikou Span line (green delayed line) is also above candles and clouds, confirming the trend with a delay prospect.
All these factors indicate a stable ascending trend without signs of turning, if there is no aggressive fall below the Tenkan or Cloud line.
Bitcoin is preparing for new stages
EMA lines indicate a bull trend: short -term mediums pass above the long -term. This speaks of a strong rising impulse.
The price approaches an important level of resistance $ 92 920. The breakthrough above this mark can open the way for further growth. If the purchasing pressure intensifies, a possible goal can be $ 96,484, since BTC-ETF record the largest clean tributaries in three months.
The current structure shows that the bulls retain control, while the support levels are held and the upward impulse remains.
According to Tracy Gene, the MexC crypto officer operating director, the recent BTC dynamics revives its status as “digital gold”:
If the trend weakens and the reversal begins, bitcoin can temporarily decrease to $ 88,800. Its breaks will weaken the structure and increase the likelihood of more significant corrections. The following important levels for observation are $ 86 532 and $ 83,133.
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Source: Cryptocurrency
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