Bitcoin (BTC) has struggled to break above $100,000 due to consistent market resistance, with sellers currently in control as indicated by the Directional Movement Index (DMI). The DMI shows increased bearish pressure despite the Average Directional Index (ADX) signaling a weak trend at 21.2.
The Ichimoku Cloud hints at a potential recovery if Bitcoin can surpass key resistance levels. If optimism returns, BTC might challenge the resistance of $97,756 and aim for $100,000, with $102,668 as the next target.
While the DMI highlights short-term bearish dominance, a crossover in the Ichimoku Cloud and EMA alignment could signal a changing trend, potentially leading BTC towards a bullish breakout if resistance is overcome.