Bitcoin Could Rebound to $100,000 Soon Despite Bearish Pressure | Airdrop Alert Pro

Bitcoin (BTC) has traded below $100,000 since February 5, and despite attempts to recover, it faces persistent resistance. Recent indicators show that sellers have gained control, while BTC’s Directed Movement Index (DMI) shows an increase in bearish pressure.

However, if Bitcoin can exceed the key resistance zone, then the Ichimoku cloud points to a potential reversal. If the bullish momentum returns, BTC can test the resistance of $97,756 and possibly regain the $100,000 level with $102,668 as its next target.

BTC DMI shows sellers gain control over the past 24 hours

Bitcoin Directional motion index (DMI) After a brief contact of 22.9, its average direction index (ADX) is currently 21.2, up from 15.5 two days ago.

ADX measures the intensity of the trend without indicating its direction, ranging from 0 to 100. Typically, values ​​above 25 indicate strong trends, while values ​​below 20 indicate weak markets or ranges.

As ADX hovers around 21.2, Bitcoin’s trend is relatively weak, indicating a potential transition period.

This shows The previous uptrend is losing steamwhich may lead to the beginning of a reversal or downward trend.

Meanwhile, Bitcoin’s +DI was 15.5, down from 23.3 a day ago, indicating a decline in bullish momentum, while -DI rose from 9.2 to 21.9, reflecting the increase in bearish pressure.

-DI has moved to +DI’s crossover, indicating that sellers are controlling the market, potentially marking a shift from an uptrend to a downtrend.

If -di continues to rise, and +di is still weak, Bitcoin may increase sales pressure And potential price drops. But if +di stabilizes and rebounds, Bitcoin may merge Before choosing a more determined directional movement.

Bitcoin Ichimoku Cloud draws bearish pictures, but may change soon

Ichimoku Cloud Chart Bitcoin shows mixed prospects There are early signs of potential recovery. The blue Tenkan-Sen line is currently on the red Kijun-Sen line.

This crossover suggests that buying pressure is trying to recover, which can support potential upward movement.

However, the price of Bitcoin is still below the kumo cloud, which indicates that the overall trend is still bearish and the resistance is higher than the current level.

The kumo cloud ahead is thin and moves slightly upward, which indicates that bearish momentum may be weakening. If Bitcoin can break on the cloud, it will mark a potential trend reversal, especially if Tenkan-Sen continues to lead Kijun-Sen.

Conversely, if Bitcoin fails to surpass the clouds and Tenkan-Sen falls below Kijun-sen again, it will confirm the continuation of the bearish trend.

at present, Bitcoin faces key resistance zonesthe next step will depend on whether it can clear the cloud or reject it down. e

Bitcoin may return $100,000 soon

Bitcoin was yesterday Bybit Hack triggers huge price drop From $98,000 to about $95,000 in four hours.

Its exponential moving average (EMA) line remains not bearish, with the short-term EMA below the long term, indicating a continued downward momentum.

This bearish setting suggests that sales pressure remains dominant. If the seller continues to control the market, Bitcoin can retest support for $94,818, which was maintained during yesterday’s decline.

If this support breaks down, Bitcoin could drop further to $93,415, while the ongoing downward trend could fall as low as $91,300.

But, if Bitcoin Price Solving to recover from this decline, there are signs that the downward trend may not be as strong as it seems.

Both ADX and Ichimoku clouds indicate weak bearishness, indicating a possible reversal. In this case, Bitcoin may test resistance at $97,756, which could rise to $100,000 if that level breaks.

If the uptrend gains more momentum, Bitcoin can continue to climb to test $102,668, marking its highest level since early February.