Bitcoin (BTC) price has surged over 6% in the past 24 hours, surpassing $92,000. This increase follows a temporary drop below $80,000 in the last five days, indicating a return to an upward trend. Speculations about Trump’s proposed cryptocurrency reserves plan are considered a driving factor for this growth. Technical indicators like Directional Movement Index (DMI) and Ichimoku Cloud show buyers have taken control of the market. However, the continuation of this trend depends on upcoming events such as the White House cryptocurrency summit. If ADX increases again and the gap between +DI and -DI widens, Bitcoin may start a new upward trend; otherwise, the market will remain volatile. Bitcoin is currently testing the $94,833 resistance level, with a potential growth to $99,472. If buying pressure persists, Bitcoin could surpass $100,000 for the first time since February 3rd.
