Bitcoin is trapped under the cloud with momentum stalled

The current Ichimoku cloud chart for Bitcoin reflects a market in a state of consolidation, with a slight bearish tone. 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 bullish momentum in the short term. The white candles hovering near the cloud's lower edge indicate indecision among traders, with no clear breakout in sight.

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

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