Bitcoin (BTC) Breaks $90,000, Will it Continue to Rise?

Updated

April 24, 2025

Gambar Bitcoin (BTC) Breaks $90,000, Will it Continue to Rise?

Jakarta, Pintu News – Bitcoin has just broken the $90,000 mark for the first time since March 5, showing increasingly strong bullish signals. Momentum indicators such as ADX, bullish Ichimoku Cloud formation, and EMA alignment point to further upside potential.

With buying pressure outweighing selling activity and ETF inflows reaching a three-month peak, the current market sentiment tends to favor strengthening Bitcoin (BTC) prices.

Check out the full analysis here!

ADX Indicator Shows Strengthening Trend

The Bitcoin (BTC) Directional Movement Index (DMI) is showing a significant change in momentum, with the ADX rising sharply to 29.48 from just 15.3 two days ago. The ADX, or Average Directional Index, measures the strength of a trend regardless of its direction. Readings below 20 indicate a weak or sideways market, while values above 25 indicate that a strong trend is forming.

With the ADX now approaching 30, the current movement is gaining traction, confirming that a clearer trend is forming. This indicates that Bitcoin (BTC) may continue to rise if market conditions are favorable.

Clear Bullish Signal from Ichimoku Cloud

The Ichimoku Cloud chart of Bitcoin (BTC) shows a clear bullish signal. The price is currently well above the Kumo , which indicates strong upward momentum. The cloud itself has turned from red to green, signaling a transition from bearish to bullish sentiment. The Tenkan-sen line (blue) remains above the Kijun-sen (red), reinforcing the short-term bullish bias.

The distance between the two continues to widen, signaling stronger momentum. In addition, the future clouds (Senkou Span A and B) are directed upwards, suggesting that the bullish trend could persist if current conditions continue.

Potential Breakout of Bitcoin (BTC) Price to Higher Levels

The Bitcoin (BTC) EMA line is showing bullish signals, with the short-term average being above the long-term average, signaling strong upward momentum. Bitcoin (BTC) price is approaching a key resistance level at $92,920. If this zone is successfully broken, it could open up opportunities for further gains.

If buying pressure increases, a potential target of $96,484 could be reached, considering that the Bitcoin ETF (BTC) recorded the largest net inflows in the last three months. The current structure suggests that the bulls are still in control of the market, as long as the support levels are respected and the upside momentum continues.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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