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
