Bitcoin (BTC) has surged by 9% over the past seven days and is currently attempting to solidify support above the crucial $88,000 level. Technical indicators such as the Directional Movement Index (DMI) and the Ichimoku Cloud are displaying evident bullish signals, with buyers seemingly dominating the market dynamics.

Should this upward trajectory persist, BTC may soon encounter resistance levels near $88,000, with the potential to advance toward $90,000 and beyond. Nonetheless, experts caution that renewed uncertainty surrounding former President Trump's trade tariffs could disrupt the ongoing rally and prompt a correction towards the $81,000 support zone.

The DMI chart for Bitcoin reveals a substantial increase in trend strength, with the Average Directional Index (ADX) ascending to 29.54 from 24.07 the previous day. This growth indicates mounting momentum behind the present movement, bringing the ADX close to the widely recognized 30 threshold, which is commonly viewed as an affirmation of a robust and enduring trend.

While a rising ADX does not independently signify direction, when coupled with directional indicators, it aids in identifying the prevailing force within the market. Observing these directional metrics, the DI is presently at 23.47 and has remained stable between 21 and 23 over the last two days.

Conversely, the -DI has plummeted significantly to 9.45 from 16.65, signaling a marked decrease in bearish pressure. This expanding disparity between bullish and bearish momentum underscores buyer dominance, and if the ADX continues to climb above 30, it could substantiate a fresh bullish phase for BTC.

Bitcoin’s Ichimoku Cloud chart remains bullish, with the price steadfastly positioned above both the Tenkan-sen (blue line) and Kijun-sen (red line). This configuration implies that both short-term and medium-term momentum continues to favor buyers.

The flatness of the Kijun-sen could serve as a formidable support region, whereas the ascending Tenkan-sen demonstrates ongoing buyer activity on smaller timeframes. Looking forward, the Kumo (cloud) is green and progressively increasing, reinforcing a positive outlook for upcoming sessions. The price being well above the cloud signifies that the trend is bullish and securely established.

Additionally, there exists a distinct gap between the current candle and the cloud, indicating that the market retains space to retrace without altering the overall structure. As long as the price remains above the Kijun-sen and the cloud stays green, the bullish trend will technically endure.

If Bitcoin sustains its present momentum, it could swiftly confront resistance at $88,839, with $90,000 acting as a psychological benchmark. Assuming the uptrend persists, additional targets may emerge at $92,920 and potentially $98,484, reflecting the continuation of the bullish pattern.

Nevertheless, cryptocurrency analyst and Coin Bureau founder Nic Puckrin cautions that this momentum might be fleeting. He emphasizes that renewed ambiguity regarding Trump's trade tariffs could exert downward pressure on BTC:

He also argues that the $81,000 support level might be revisited:

In summary, it appears that the current macroeconomic elements are already accounted for. Nevertheless, the market remains wary of unexpected developments, given that Trump's recent tariffs deviated from any standard economic trajectory and unsettled nearly every global financial market.

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