Bitcoin is trapped under the cloud with momentum halted

The current Ichimoku cloud chart for Bitcoin reflects a market in a state of consolidation, with a slight bearish tone. The price action sits very close to the blue Kijun-sen (the baseline), which typically represents medium-term trend momentum.

Trading below this line indicates that BTC lacks the strength to regain upward momentum in the short term. The white candles hovering near the bottom of the cloud suggest indecision among traders, with no clear breakout on the horizon.

Bitcoin maintains key support while the recovery of $100,000 hangs in the balance.

The price of Bitcoin has remained resilient above the $90,000 level since April 22, maintaining support near $92,945 despite the uncertainty in the broader market. The exponential moving averages (EMAs) still reflect a bullish structure, with the short-term averages positioned above the long-term averages.