By Key Points
- Bitcoin Nears $90K
- Bitcoin jumps 8%, reclaiming $90K amid renewed bullish sentiment.
- Technical indicators suggest buyers are regaining control.
- The Ichimoku Cloud hints at a possible breakout ahead.
- The upcoming White House Crypto Summit fuels market speculation.
Bitcoin (BTC) made a strong comeback, surging nearly 8% to reclaim the $90,000 mark after briefly dipping below $80,000.
This rally comes amid growing speculation about former President Donald Trump’s crypto-related plans, particularly a rumored US crypto reserve proposal.
The bullish momentum appears to be driven by a shift in technical indicators. The Directional Movement Index (DMI) shows increasing buying pressure, with the +DI line rising sharply while the -DI declines.
Meanwhile, Bitcoin’s price is hovering near a crucial decision point in the Ichimoku Cloud, suggesting a potential breakout.
BTC Ichimoku Cloud. Source: TradingView – Techtoken
Investors are keeping a close watch on the upcoming White House Crypto Summit, as any major policy announcements could trigger further price swings.
If bullish sentiment continues, Bitcoin could be on track to test resistance near $94,833 and even push toward the much-anticipated $100,000 milestone.
GM X ☀️
Bitcoin just surged from $78K to $95K after a single tweet from Trump about the Bitcoin US reserve. Imagine the impact if he continues buying and tweeting
This could be the start of something massive. $150K soon 📈 pic.twitter.com/USNnHT0xQc
— LaCryptoLycus🐺 (@CryptoLycus) March 3, 2025
Technical Indicators Point to a Critical Moment
Bitcoin’s recent recovery is backed by key technical signals. The Average Directional Index (ADX), which measures trend strength, has fallen to 17.5 from 27.6 just two days ago. While a low ADX suggests indecision, the increasing +DI and declining -DI indicate that buyers are regaining control.
BTC DMI. Source: TradingView – Techtoken
The Ichimoku Cloud also reflects shifting momentum. Bitcoin has moved above its red baseline, a sign of increasing bullish strength. However, it remains inside the cloud—a zone of uncertainty where price movements are often tested. If BTC successfully breaks above this zone, it could confirm a new uptrend.
Despite this optimism, market volatility remains a concern. If Bitcoin fails to hold above key support levels, a retest of lower prices, potentially around $78,179, is still possible. The next major move will likely depend on developments at the White House Crypto Summit.
BTC Price Analysis. Source: TradingView – Techtoken
What’s Next for Bitcoin?
Bitcoin’s rally past $90,000 has reignited hopes of a push toward new all-time highs. With speculation about Trump’s crypto policy intensifying, market participants are closely watching upcoming developments.
If buying momentum strengthens, Bitcoin could break above the $94,833 resistance level and edge closer to the $100,000 psychological barrier.
However, any disappointing news from the White House summit could trigger a wave of selling, pushing BTC back toward lower support levels.
As the market braces for key announcements, Bitcoin remains at a crossroads. The coming days will determine whether this bullish momentum can be sustained or if renewed volatility takes over.
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