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Bitcoin Regains $90,000 Ahead of Key White House Crypto Summit

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Bitcoin (BTC) surged nearly 8% on Wednesday, reclaiming levels above $90,000 after briefly dropping below $80,000 five days ago. This sharp recovery signals renewed bullish momentum as investors react to speculation surrounding Trump’s proposed US crypto reserve plan.

Key technical indicators, such as the DMI and Ichimoku Cloud, suggest that buyers have regained control. Whether BTC can sustain this momentum and push toward $100,000 or face renewed volatility depends largely on upcoming market developments, including the White House Crypto Summit.

Bitcoin DMI Shows Buyers Have Reclaimed Control

Bitcoin’s Directional Movement Index (DMI) shows that the ADX has fallen to 17.5, down significantly from 27.6 just two days ago. A declining ADX indicates weakening trend strength, meaning that the previous downtrend has lost momentum.

At the same time, the +DI has risen to 27.9 from 17.7 yesterday, while the -DI has dropped from 30.5 to 20.5. This shift suggests that bullish momentum is increasing while selling pressure is fading.

Bitcoin is currently attempting to transition from a downtrend to an uptrend, and these movements in the DMI lines indicate that buyers are starting to gain control.

BTC DMI.
BTC DMI. Source: TradingView.

ADX, or the Average Directional Index, measures trend strength rather than direction. Values above 25 typically signal a strong trend, while values below 20 indicate a weak or indecisive market.

With ADX now at 17.5, Bitcoin’s current price action lacks strong trend confirmation, making its next move critical.

However, the rising +DI and falling -DI suggest that bullish pressure is increasing. If ADX starts rising again alongside a widening gap between +DI and -DI in favor of buyers, Bitcoin could establish a new uptrend.

Conversely, if ADX remains low, price action may stay choppy, lacking the strength needed for a decisive breakout.

BTC Ichimoku Cloud Shows a Shift In Momentum

Bitcoin’s Ichimoku Cloud structure suggests a potential shift in momentum as the price moves above key levels. The price has recently broken above the red baseline, indicating growing bullish pressure. However, it is still interacting with the cloud, which represents a zone of uncertainty where trends often get tested.

The green leading span A is beginning to slope upward. In contrast, the orange leading span B remains relatively flat, showing that the cloud ahead is transitioning into a possible support area.

Additionally, the lagging span (green line) is approaching price action from 26 periods ago, suggesting that Bitcoin is determining whether this breakout has enough strength to continue.

BTC Ichimoku Cloud.
BTC Ichimoku Cloud. Source: TradingView.

The Ichimoku Cloud is a dynamic indicator that highlights trend direction, momentum, and key support and resistance zones. A decisive move above the cloud would confirm a stronger bullish trend, allowing Bitcoin to establish a more defined uptrend.

However, if the price fails to hold above the red baseline and re-enters the cloud, it could indicate a period of consolidation or even a retest of lower levels.

The current setup suggests that Bitcoin is at a critical point. Continued momentum could lead to a breakout, but hesitation near the cloud could result in sideways movement before a clearer trend emerges.

How Will Bitcoin React After the White House Crypto Summit?

Bitcoin has reclaimed the $90,000 level as speculation grows over potential special treatment in Trump’s proposed US crypto reserve plan.

This renewed bullish momentum puts BTC in a position to test key resistance at $94,833. A breakout above this level could potentially lead to a rally toward $99,472.

If bullish sentiment continues to build, Bitcoin could surpass $100,000 for the first time since February 3, marking a significant milestone.

The overall trend will depend on whether buying pressure remains strong enough to sustain the current momentum and push past these critical levels.

BTC Price Analysis.
BTC Price Analysis. Source: TradingView.

However, Bitcoin’s recent price action has been highly volatile, with strong swings in both directions over the past few weeks.

Market uncertainty surrounding the upcoming White House Crypto Summit on March 7 adds further risk, as any developments that fall short of investor expectations could trigger a renewed downtrend.

If bearish pressure intensifies, BTC could face a sharp decline, potentially dropping as low as $78,179.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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BNB Price Starts Fresh Increase—Can Bulls Sustain the Momentum?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Bitcoin Pepe’s presale nears $4m as BTC’s price hits $92k

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Bitcoin tops $92k

Key takeaways

  • BTC is trading above $92k after adding 6% to its value in the last 24 hours.
  • The Bitcoin Pepe presale is approaching $4 million as stage six nears completion.

Bitcoin surpasses $92k on tariff news

BTC, the number one cryptocurrency by market cap, was bullish on Wednesday, adding over 6% to its value and allowing it to cross the $92k level. At press time, the price of Bitcoin stands at $92,263 and could surge higher in the near term. 

Bitcoin’s rally can be attributed to tariff news as President Trump delays tariffs on auto parts from Mexico and Canada. The news eased investor worries and could push Bitcoin’s price higher in the coming hours and days. 

What is Bitcoin Pepe?

As Bitcoin’s price crosses the $90k level, altcoins are also performing excellently. New projects are not left out as investors continue to push funds into exciting projects in the crypto market.

Bitcoin Pepe is an exciting project that seeks to revolutionise the Bitcoin ecosystem. It is approaching a key level in its presale, with investors pushing millions of dollars into the project.

Bitcoin Pepe is seeking to leverage the liquidity and security of the Bitcoin blockchain. It will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

The team revealed in its whitepaper that they are building a layer-2 network on the Bitcoin blockchain. Bitcoin Pepe will be a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

As a L2 network, Bitcoin Pepe will build a home for memecoin activities within the Bitcoin ecosystem. This will help it unlock decentralized finance (DeFi) and meme trading on top of BTC.

This project is also the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain, making it the perfect fusion between BTC’s security and the unstoppable force of memecoins. 

The utility will enable Bitcoin Pepe to combine high levels of trust (BTC) with high levels of performance (SOL) to capture high levels of retail mass adoption.

Bitcoin Pepe presale nears $4m

The Bitcoin Pepe presale has been running for three weeks and has raised $3.9 million. It is approaching the $4 million mark and will soon enter its seventh stage, with 23 more stages to go.

The native token, $BPEP, is available to investors via the Bitcoin Pepe website. The token can be purchased using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. In this sixth presale stage, $BPEP is going for $0.0268 and is set to increase to $0.0281 in the next stage. 

Bitcoin Pepe’s utility makes this presale an excellent opportunity for investors as it could enable them to get in early on an exciting project. 

Will Bitcoin Pepe boost the Bitcoin ecosystem?

The Bitcoin Pepe project will unveil products and services that could improve the Bitcoin ecosystem. Introducing DeFi and memecoin trading on Bitcoin could enhance the network’s utility, enabling it to compete with smart contract blockchains like Ethereum and Solana in terms of utility. 

Bitcoin Pepe will enable developers to launch memecoins on the Bitcoin blockchain with ease. Memecoins will empower the Bitcoin blockchain to become home to a crazy high-octane meme experience. 

The Bitcoin Pepe project intends to unlock Bitcoin’s $2 trillion dormant market cap, making it available for memecoin trading. The layer-2 network will provide the necessary infrastructure for all memes to migrate to BTC, ensuring security and liquidity for investors and users. Bitcoin Pepe’s native $BPEP token will power several activities within the ecosystem. 

Should you buy the $BPEP token in its presale stage?

The Bitcoin Pepe presale is in its sixth stage, with the $BPEP token going for $0.0268 and increasing in the next stage. As the team develops its L2 network and other products, the presale could be an excellent opportunity to get in on the project, allowing investors to gain early exposure to the project.

Bitcoin Pepe will roll out memecoin trading to the Bitcoin ecosystem. This could increase the utility of the $BPEP token and could make it a top performer in the broader crypto market. The presale allows investors to purchase Bitcoin Pepe’s native token at a discount before it launches on centralised and decentralised exchanges.



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AXL Jumps 14% as Canary Capital Files for Axelar ETF

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Asset Manager Canary Capital has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tied to Axelar (AXL).

This marks the first-ever filing for AXL, the native cryptocurrency that powers the Axelar Network, setting the stage for the token’s institutional adoption.

Canary Capital Files for AXL ETF

The filing, which was submitted on March 5, outlines that the fund’s net asset value (NAV) will be calculated based on the price of AXL. However, specifics regarding the exchange where the ETF will be listed, its ticker symbol, and the custodian remain unspecified.

The proposed ETF builds on Canary Capital’s earlier efforts to bring Axelar to institutional investors. On February 19, the firm launched the Canary AXL Trust. The trust was Canary Capital’s first step into structured AXL offerings, and the ETF filing represents an extension of this effort.

“With Axelar driving some of the most advanced interoperability solutions in Web3, we see in AXL a significant opportunity for institutional investors to gain exposure to the technology underpinning next-generation blockchain connectivity,” Canary Capital’s CEO Steven McClurg said.

The news of the filing had an immediate impact on the market. AXL’s price jumped 14.3%, reaching $0.44.

AXL ETF
AXL Price Performance. Source: BeInCrypto

Trading volume also spiked to $35.7 million. This marked a 131.8% increase from the previous day. With a market capitalization of $405.5 million, Axelar currently ranks 174 on CoinGecko.

Crypto ETFs Under Donald Trump: Opportunity or Bubble? 

Canary Capital’s filing comes amid a broader surge in cryptocurrency ETF applications in the US, a trend that has accelerated since Donald Trump took office. According to Kaiko Research, more than 45 crypto ETF filings are currently pending SEC approval. 

While Bitcoin (BTC) and Ethereum (ETH) ETFs have dominated the space, the scope has expanded to include unconventional assets like meme coins. Bitwise and Grayscale have filed for a Dogecoin (DOGE) ETF. 

Moreover, the ETF filings from Rex Shares and Tuttle Capital feature newly launched meme coins like Official Trump (TRUMP) and Melania Meme (MELANIA).

Nonetheless, according to Kaiko Research, market depth, concentration, and trading structure present significant obstacles for non-BTC/ETH ETFs. Many altcoins associated with ETF applications suffer from shallow liquidity, making them more susceptible to price manipulation and volatility

Additionally, most trading activity for these assets occurs on offshore platforms, creating transparency and regulatory oversight issues. The lack of sufficient USD trading pairs for certain assets further complicates their inclusion in ETFs, as these pairs are essential for accurate ETF valuations. Furthermore, the absence of regulated futures markets for many cryptocurrencies limits available trading strategies.

“All of these factors could limit the demand for more crypto-related ETFs going forward. While approval processes might change, market dynamics still have to catch up,” Kaiko noted.

For now, AXL has been added to a growing list of crypto ETF filings. However, its success—and that of similar ETFs—remains to be seen.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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