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Bitcoin (BTC) has broken the 90,000 Dollar barrier for the first time since March 5, as momentum indicators show increasing bullish signals. The recent increase comes alongside a sharp rise in ADX, the formation of a bullish Ichimoku cloud, and EMA alignment favoring the continuation of the bullish trend.
With buying pressure surpassing selling activity and ETF inflows reaching a three-month high, market sentiment leans in favor of the bulls. If resistance is broken, BTC could pave the way towards 100,000 Dollar, reinforcing its role as a hedge amid broader market uncertainty.
Bulls regain control over Bitcoin with ADX signals to strengthen the upward trend
The Directional Movement Index for Bitcoin (DMI) indicates a significant shift in momentum, with ADX sharply rising to 29.48 — up from 15.3 just 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 suggest that a strong trend is forming.
As the ADX approaches 30 now, the current movement is gaining momentum, confirming that a clearer directional trend is forming.